"We Have Work to Do": Fed Chair Kevin Warsh Expresses Concern Over Inflation in Closely Watched Jackson Hole Speech
The market clearly viewed Warsh's Jackson Hole speech as hawkish.
Overview
Kevin Warsh, chair of the interest-rate-setting Federal Open Market Committee (FOMC), remains unpredictable.
In his highly anticipated speech made at the Jackson Hole Economic Symposium, Warsh returned to his more hawkish signaling, specifically saying, "We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do."
Details
Warsh's speech instantly brought a potential September rate hike back into play.
Source
Originally published at www.fool.com.
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