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Fed Chair Warsh signals rate hikes may be needed with inflation still elevated
Warsh said recent inflation readings have improved, but not enough to rule out further tightening, and traders raised September hike odds to 45.7%.
- Federal Reserve Chair Kevin Warsh said inflation remains too high and suggested interest rate hikes may be needed to reduce it, emphasizing that confidence in inflation moving toward the 2% target is essential.
- Warsh expressed confidence in the strength of the economy, citing robust business investment in AI and strong consumer spending, and noted that current interest rates do not seem to be hindering economic activity.
- Warsh refrained from providing explicit forward guidance on future rate changes, highlighting the need to assess data and emphasizing flexibility to act as required.
- Warsh indicated that the Federal Reserve has more work to do to achieve its 2% inflation target and warned that interest rate hikes may be necessary if progress is not clear and quick.
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Federal Reserve President Kevin Warsh delivered a much stronger message on inflation on Friday, suggesting that the Fed could increase interest if price pressures do not decrease. Jackson Hole's speech also puts him in opposition to President Donald Trump, who calls for interest reduction, according to CNBC.
·Bucharest, Romania
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Donald Trump udpegede selv Kevin Warsh efter måneders pres for retiredsættelser. Nu har den nye Fed-chef sendt sandsynligheden for en snarlig amerikansk retestigning strenght i vejret
·Copenhagen, Denmark
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US President Trump had a clear expectation of the new Fed boss: lower interest rates. But now the signs are in trouble.
·Berlin, Germany
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Coverage Details
Total News Sources471
Leaning Left66Leaning Right76Center156Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 22%
C 52%
R 26%
Factuality
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