Warsh Suggests Rate Hikes May Be Needed to Combat Elevated Inflation

Federal Reserve Chair Kevin Warsh warned that inflation remains too high and suggested interest rates may need to be raised in the coming months to bring it down.

This is a clearer signal than he has sent previously about his economic outlook, according to an AP report from Jackson Hole, Wyoming.

Warsh stated, 'inflation is still too high,' indicating that the central bank may need to take action to control inflationary pressures.