Fed Chair Kevin Warsh signalled that the US central bank could raise interest rates if inflation fails to move closer to its 2% target, triggering a sharp shift in market expectations. Treasury yields climbed as investors raised bets on a September rate hike, with upcoming inflation and jobs data now in focus.

Federal Reserve Chair Kevin Warsh says inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer…

The Federal Reserve chief seeks to clear up any ambiguity created by his late July press conference performance.