Warsh says Fed may not be done fighting inflation
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Federal Reserve Chair Kevin Warsh said measures of inflation are still elevated, but it is not yet clear that the Fed must take action to address rising prices.
Tex., sponsored the Capital Gains Inflation Relief Act of 2025 to index capital gains to inflation. In March, Cruz and Sen. Tim Scott, R-S.C., sent a letter to Treasury Secretary Scott Bessent urging him to enact
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Warsh Signals Hawkish Shift on Inflation at Jackson Hole. Markets See a Rate Hike Back on the Table.
In his keynote address at the Jackson Hole Economic Policy Symposium, Warsh discussed his views on the current economic conditions.
The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists surveyed by Dow Jones.
The Personal Consumption Expenditures index was unchanged from June, highlighting stubborn inflationary pressures.
A Fed president who spent last year demanding tougher rate policy now describes current rates as accommodative, even as inflation drifts higher and AI-driven energy demand adds a force the Fed has no clean tool to fight.
Fed Chairman Kevin Warsh said the country's focus should be on lowering prices as inflation continues to stay elevated Friday at the Fed's symposium.
Kevin Warsh warned that the Federal Reserve will have “work to do” if America’s inflation rate remains high above its 2% target. Investors took this as a hint of a possible interest-rate rise in September.