Warsh Warns of Stubborn Inflation Ahead of Potential Rate Hikes

Federal Reserve Chair Kevin Warsh spoke at the annual Jackson Hole Economic Policy Symposium on Friday, August 28, 2026. In his first high-profile speech at the event, Warsh acknowledged that inflation has cooled a bit but remains stubbornly elevated.

Warsh stated in prepared remarks that recent inflation reports do not show meaningful improvement in underlying trends. He suggested that the central bank may have to raise interest rates in the coming months to bring down inflation. This is a clearer signal than Warsh has sent before about his economic outlook, according to observers.