economy
Warsh raises stakes for Fed's next meeting and other takeaways from Jackson Hole conference
WASHINGTON — Federal Reserve Chair Kevin Warsh renewed his inflation-fighting credentials in a speech Friday that opened the door to potential rate hikes in the coming months.
TL;DR
- Federal Reserve Chair Kevin Warsh renewed his inflation-fighting credentials.
- His speech opened the door to potential rate hikes in the coming months.
- Warsh's stance puts pressure on the Fed to increase interest rates at its mid-September meeting.
- The decision hinges on inflation improvement, with the next government price report being crucial.