Warsh Warns of Rate Hikes Amid Stubborn US Inflation

Federal Reserve Chair Kevin Warsh has signaled that rate hikes may be necessary to combat stubbornly high inflation in the US. Speaking on Friday, August 28, 2026, at 10:23 p.m. UTC, Warsh acknowledged that inflation remains too high and suggested the central bank might need to raise interest rates in the coming months.

This is a clearer signal than previously sent by Warsh about his economic outlook. The Fed's primary goal is to keep prices stable, and with inflation still above target, some action may be required. However, no specific timing or magnitude of rate hikes was mentioned.