Warsh Puts Price Stability Front and Center at Jackson Hole Symposium

Fed Chair Kevin Warsh emphasized that prices will be the central bank's priority during his tenure, even as new figures show that the labor market remains on shaky footing.

In a keynote address at the Jackson Hole Economic Policy Symposium, Warsh stated that he was 'impressed' by the overall performance of the economy, but noted that data on price stability was more concerning.

The Fed held rates steady at its most recent meeting, and Warsh suggested that interest rates may need to be raised to bring down inflation, which has been a long-standing concern for the central bank.