Warsh Warns of Potential Rate Hikes Amid Ongoing Inflation Concerns

Fed Chair Kevin Warsh has expressed concerns about inflation remaining above the target rate of 2% and warned that interest rates may need to rise if underlying inflation fails to return clearly to this target.

Warsh made these comments during a speech at Jackson Hole, stating that 'numbers are more concerning' and that the Fed still has 'work to do' on inflation.

The Federal Reserve's 2% inflation target is seen as a benchmark for economic health, and Warsh's words sent rate-hike expectations higher.