Inflation data 'concerning': Fed chair Warsh signals rates may need to rise
Federal Reserve Chair Kevin Warsh has indicated that the US central bank may need to raise interest rates in the coming months if inflation does not make enough progress towards its 2% target.
Speaking at the Fed’s annual conference in Jackson Hole, Wyoming, on Friday, Warsh acknowledged that recent US data showed inflation had cooled somewhat. However, he said the figures did not indicate a meaningful improvement in underlying price pressures.
Speaking at the Fed’s annual conference in Jackson Hole, Wyoming, on Friday, Warsh acknowledged that recent US data showed inflation had cooled somewhat. However, he said the figures did not indicate a meaningful improvement in underlying price pressures.
Next Story