Fed Chair Warsh not ruling out interest rate hike amid inflation concerns
Summary
Federal Reserve Chair Kevin Warsh said inflation remains a concern and more actions might be needed. At an economic meeting in Wyoming, he said he is not committed to raising interest rates but has not ruled out the possibility.Key Facts
- Kevin Warsh is the Chair of the Federal Reserve.
- He spoke at the Fed’s annual economic meeting in Jackson Hole, Wyoming.
- Inflation is still an issue according to Warsh.
- Warsh said there is ongoing work to control inflation.
- He is not firmly planning to raise interest rates but has not excluded that option.
- The discussion included Amna Nawaz and Nick Timiraos from The Wall Street Journal.
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