Warsh Reiterates Inflation Concerns at Jackson Hole Symposium

The U.S. stock market held steady on Friday as Federal Reserve Chairman Kevin Warsh spoke at an annual economic symposium in Jackson Hole, Wyoming.

In his highly anticipated speech, Warsh reiterated that inflation remains too high and emphasized the importance of keeping inflation under control and a strong job market.

He stated that 'short-term interest rates are the predominant tool' to achieve these goals, implying that short-term interest rates may need to be higher to curb inflation.

The yield on the two-year Treasury jumped to 4.29% after Warsh's speech, while longer-term yields were mixed.