Warsh Warns: Fed Will Have Work to Do if Inflation Persists

Kevin Warsh, a former member of the Federal Reserve's board of governors, has expressed concerns about the central bank's ability to control inflation. In an interview with the Financial Times, he stated that if inflation does not fall soon, 'the Fed will have work to do'.

Warsh's comments come as the US economy is experiencing high levels of inflation, with some economists predicting that it may be a long-term problem. The Fed has been raising interest rates in an effort to curb inflation, but so far, results have been mixed.

While Warsh did not provide specific details about what actions the Fed might take if inflation continues to rise, his comments suggest that policymakers are taking inflation seriously and will need to be prepared for a range of scenarios. The Fed's ability to control inflation will likely be closely watched by investors and economists in the coming months.