JACKSON HOLE, Wyoming (AP) — Federal Reserve Chair Kevin Warsh says inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he has sent before about his economic outlook. In his first high-profile speech at the Fed’s annual conference at Jackson Hole, Warsh acknowledged in prepared remarks that recent inflation reports show it has cooled a bit, but “they do not tell me that underlying trends have meaningfully improved.”
US stocks hold steady, while the bond market zigzags after key speech by the Fed’s chairman
WASHINGTON, DC – MAY 22: Kevin Warsh (L) takes the oath of office from U.S. Supreme Court Associate Justice Clarence Thomas (C) as his wife Jane Lauder and U.S. President Donald Trump (R) look on during his swearing-in ceremony to be the new Chairman of the Federal Reserve in the East Room of the White House on May 22, 2026 in Washington, DC. Warsh succeeds Jerome Powell, who served as Chair for eight years. (Photo by Roberto Schmidt/Getty Images)
