Fed Chair Kevin Warsh Just Raised New Inflation Concerns. Here's What It Could Mean for Your 2027 Social Security COLA.
Warsh's speech last week could point to a higher COLA.
Overview
New Federal Reserve Chair Kevin Warsh's job description doesn't mention anything about Social Security. But that doesn't mean that his moves can't impact the program that serves over 75 million Americans. Actually, what Warsh and his fellow Federal Open Market Committee (FOMC) members do can directly affect Social Security recipients.
Last week, Warsh delivered a highly anticipated speech at the Fed's annual symposium in Jackson Hole, Wyoming. His comments raised new inflation concerns. Here's what that could mean for the 2027 Social Security cost-of-living adjustment (COLA).
Federal Reserve Chair Kevin Warsh. Image source: Official Federal Reserve Photo.
Details
Source
Originally published at www.fool.com.
Related Articles
- Historic $7.5 million L.A. home restored by ‘Rocky Horror’ actor Tim Curry finds a buyer just hours after his death
- Both Hedge Funds and Mutual Funds Are Buying These Fantastic Fintech Stocks, and That's a Great Signal for Investors to Buy
- Here’s what Prince Harry and Meghan Markle’s California mansion could really be worth, and how much it costs to keep it up