Barclays now forecasts two 25 basis point Fed rate hikes in September and December 2026 after Chair Warsh's hawkish Jackson Hole speech on

Questions about Warsh’s approach have intensified amid President Donald Trump’s continued calls for lower interest rates

“We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed,” Warsh said. “Otherwise, we have work to do.”

Warsh's hawkish remarks raised Fed rate hike expectations. Pause in next three decisions at 49% YES.

Warsh's inflation warning heightens expectations for a pivotal Fed rate hike decision in September amid persisting price pressures.