Warsh Warns of 'Concerning' Inflation, Sparks Market Uncertainty

Fed Chairman Kevin Warsh has signaled that inflation is a major concern for the Federal Reserve, but stopped short of predicting when interest rates will change.

In remarks prepared for the Jackson Hole economic symposium, Warsh noted that the US economy is at 'full employment' but added that inflation figures are 'more concerning.'

This break from tradition marks a shift in communication strategy under Warsh's leadership, which has left investors trying to decipher the Fed's intentions.

Warsh emphasized that a 'quieter Fed' would be more effective in meeting its objectives, but some economists argue that this approach only adds to market uncertainty.