Kevin Warsh walks a fine line on inflation in key speech
Federal Reserve Chair Kevin Warsh said measures of inflation are still elevated, but it is not yet clear that the Fed must take action to address rising prices.
Federal Reserve Chair Kevin Warsh said measures of inflation are still elevated, but it is not yet clear that the Fed must take action to address rising prices.
BELLINGS Intelligence Score: 72
Why it matters
Fed Chair Warsh's communication successfully influencing bond market expectations on inflation signals a meaningful monetary-policy signal that impacts rate outlook and credit conditions.
Sources
NBC News Business
Kevin Warsh walks a fine line on inflation in key speech
Federal Reserve Chair Kevin Warsh said measures of inflation are still elevated, but it is not yet clear that the Fed must take action to address rising prices.
MarketWatch
Kevin Warsh gets what every Fed chair hopes for: a bond market that trusts his word
Kevin Warsh passed another big test as a new Federal Reserve chairman on Friday: He said the central bank still has work to do on inflation, and the bond market took him at his word.
ABC News Business
Warsh raises stakes for Fed's next meeting and other takeaways from Jackson Hole conference
Federal Reserve Chair Kevin Warsh provided his most detailed insights yet on how he views the central bank's fight against inflation in a high-profile speech an at annual economic conference in Jackson Hole Friday
PBS NewsHour Economy
Warsh raises stakes for Fed's next meeting, and other takeaways from Jackson Hole conference
Warsh's high-profile speech at the Fed's annual Jackson Hole economic conference was mostly praised afterward by economists and other Fed policymakers in attendance. Still, there was also some pushback and criticism during the first day of the conference.