Sean's Daily News Digest
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2 updates·since 28 Aug 2026
Fed Chair Warsh signals possible rate hikes if inflation persists
The story so farFederal Reserve Chair Kevin Warsh, speaking at the Jackson Hole symposium, warned that inflation remains too high and signaled the Fed may need to raise interest rates further if above-target inflation persists. Warsh said the Fed has 'work to do' if policymakers are not confident that underlying inflation is returning to its 2 percent target, but stopped short of specifying whether rates would change in coming months. Wall Street ended lower following Warsh's remarks reaffirming the Fed's commitment to fighting inflation, while rate-hike expectations rose in response to the speech.
Still watching
- How are markets pricing in the probability of additional Fed rate hikes following the Jackson Hole speech?
- Will the yen's fall past 160 per dollar trigger another joint currency intervention by Japanese and U.S. authorities?
- What prompted Treasury Secretary Bessent's bond market intervention, and how will officials explain it?
- What specific inflation indicators is Warsh watching to determine whether the Fed has 'work to do'?
- Will the Federal Reserve actually raise interest rates at its next meeting, or will it hold steady while monitoring inflation data?
How it developed
Fed Chair Warsh signals possible rate hikes if inflation persists
- Federal Reserve Chair Kevin Warsh, speaking at the Jackson Hole symposium, warned that inflation remains too high and signaled the Fed may need to raise interest rates further if above-target inflation persists.
- Warsh said the Fed has 'work to do' if policymakers are not confident that underlying inflation is returning to its 2 percent target, but stopped short of specifying whether rates would change in coming months.
- Wall Street ended lower following Warsh's remarks reaffirming the Fed's commitment to fighting inflation, while rate-hike expectations rose in response to the speech.
Kevin Warsh Jackson Hole speech market anticipation
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