Warsh Calls for Quieter Fed Amid Inflation Concerns

At the annual Federal Reserve symposium in Jackson Hole, Wyoming, Chair Kevin Warsh called for a 'quieter' central bank. He argued that the Fed should not provide market participants with information to guide their next trades.

Warsh expressed concerns about persistent inflation, which remained at 3.3% in July. Several central bank officials have suggested rate hikes if price increases do not moderate, particularly given ongoing uncertainty from the Middle East conflict.

This comes as PayPal's stock fell 13% on Friday due to the abandonment of a $53 billion takeover bid by Stripe and Advent International.