Fed Chairman Warsh expresses concern about inflation advocates for 'quieter' central bank: Watch live
Federal Reserve Chairman Kevin Warsh signaled that interest rate increases remain a possibility if inflation does not fall. Speaking Friday at the annual Jackson Hole Economic Policy Symposium, Warsh described 65 months of sustained elevated inflation as a signal that cannot be missed. He advocated for a "quieter" central bank, stating that investors should not look primarily to the Fed for their next trade. While Warsh identified inflation as the central bank's biggest problem, he provided limited specific guidance on the timing of future rate moves.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ Chairman Kevin Warsh spoke Friday at the annual Jackson Hole Economic Policy Symposium.
- ✓ Warsh cited 65 months of sustained elevated inflation.
- ✓ Warsh called for a "quieter" Federal Reserve.
- ✓ The Fed Chair indicated that interest rate increases are in play if inflation does not decrease.
What changed
Chairman Warsh delivered his first Jackson Hole speech, linking potential rate hikes to inflation levels.
Live updates
-
Fed Chair Warsh Warns of Elevated Inflation at Jackson Hole
Federal Reserve Chairman Kevin Warsh signaled that interest rate increases remain a possibility if inflation does not fall. Speaking Friday at the annual Jackson Hole Economic Policy Symposium, Warsh described 65 months of sustained elevated inflation as a signal that cannot be missed. He advocated for a "quieter" central bank, stating that investors should not look primarily to the Fed for their next trade. While Warsh identified inflation as the central bank's biggest problem, he provided limited specific guidance on the timing of future rate moves.
Why it matters
The Jackson Hole Economic Policy Symposium is a yearly gathering of global policymakers, economists, and central bankers. As a new appointee under Donald Trump, Warsh is attempting to maintain a lower profile than previous chairs while managing high inflation.
What is confirmed
- Chairman Kevin Warsh spoke Friday at the annual Jackson Hole Economic Policy Symposium.
- Warsh cited 65 months of sustained elevated inflation.
- Warsh called for a "quieter" Federal Reserve.
- The Fed Chair indicated that interest rate increases are in play if inflation does not decrease.
- Warsh stated that investors should not look primarily to the Fed for their next trade.
What to watch next
- Official Federal Reserve interest rate decision meetings
- Future public guidance on rate hike timing from Chairman Warsh
confidence 95%Sources used for this update (12)
- apnews.com — All eyes on Fed Chair Warsh during the central bank’s annual conclave in Jackson Hole
- CNBC — Fed Chairman Warsh expresses concern about inflation advocates for 'quieter' central bank: Watch live
- The New York Times — Fed Chairman Seeks to Calm Concerns About Elevated Inflation
- Politico — In closely watched speech, Warsh signals Fed may need to raise rates
- WSJ — Warsh Says the Fed May Not Be Done Fighting Inflation
- Axios — Fed's Warsh: Interest rate increases in play if inflation doesn't fall
- NBC News — Trump’s new Fed chair walks fine line on inflation in key speech
- Fortune — Kevin Warsh finally threw Wall Street some crumbs on what he's thinking: ‘There is one signal nobody can miss: 65 months of elevated inflation'
- U.S. News & World Report — Warsh Provides Little Guidance on Rates in Key Speech at Jackson Hole
- www.forbes.com — Fed Chair Kevin Warsh Says Inflation Still Too High In First Jackson Hole Speech
- finance.yahoo.com — Fed Chairman Kevin Warsh stays quiet on interest rates but calls inflation ‘concerning’
- finance.yahoo.com — Warsh calls for a ‘quieter’ Fed focused on reducing inflation
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community