Business & Finance
Fed Chair Kevin Warsh does not rule out rate hike as inflation work continues
Speaking at the annual Jackson Hole symposium, the Federal Reserve chair indicated that further monetary tightening remains a possibility.
The short version
- Federal Reserve Chair Kevin Warsh addressed inflation challenges during the central bank's annual economic symposium in Jackson Hole, Wyoming.
- Warsh stated that the central bank still has work to do to bring inflation under control.
- While not actively committed to raising interest rates, Warsh declined to rule out a potential rate hike.
Key facts
- Federal Reserve Chair Kevin Warsh delivered remarks at the Fed's annual economic symposium in Jackson Hole, Wyoming.[PBS NewsHour]
- Warsh stated that the central bank still has progress to make regarding inflation.[PBS NewsHour]
- Warsh confirmed he is not committed to an interest rate hike, but he is also not ruling one out.[PBS NewsHour]
What remains uncertain
- It remains uncertain whether the Federal Reserve will ultimately choose to raise interest rates at upcoming policy meetings.[PBS NewsHour]
Sources
- Fed Chair Warsh not ruling out interest rate hike amid inflation concernsPBS NewsHour - Politics