Warsh indicates Fed could raise rates to cool inflation

Federal Reserve Chair Kevin Warsh signaled on Friday the Federal Reserve is not ruling out an interest rate hike as inflation remains too high.

“We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do,” Warsh said in a speech at the Fed’s annual economic symposium in Wyoming.

The new Fed chair emphasized his commitment to not giving forward guidance but offered more clues than normal into the Federal Reserve board’s thinking amid sticky inflation.........

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