Warsh Signals Potential Rate Hikes to Combat Elevated US Inflation

At the Federal Reserve's annual Jackson Hole Economic Policy Symposium, Chairman Kevin Warsh acknowledged that US inflation remains stubbornly elevated. Despite recent reports showing a slight cooling of inflation rates, Warsh stated that these numbers do not indicate a significant improvement in underlying trends. He suggested that the central bank may need to raise interest rates in the coming months to bring down inflation.

Warsh's comments at the symposium were his first high-profile speech on the topic, and they signaled a clearer stance than he has taken before regarding the economic outlook. The event took place on Friday, August 28, 2026, in Moran, Wyoming.