Fed Chair Warsh signals rate hikes may be needed with US inflation stubbornly elevated

Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he had sent previously about his economic outlook.

Fed Chair Kevin Warsh, left, Bank of England Governor Andrew Bailey, middle, and Bank of Canada Governor Tiff Macklem arrive at the annual Jackson Hole Economic Policy Symposium on Friday, Aug. 28, 2026, in Moran, Wyo. (AP Photo/Amber Baesler)

Fed Chair Kevin Warsh arrives at the annual Jackson Hole Economic Policy Symposium on Friday, Aug. 28, 2026, in Moran, Wyo. (AP Photo/Amber Baesler)

Fed Chair Kevin Warsh, center, talks to Bank of England Governor Andrew Bailey, right, and Bank of Canada Governor Tiff Macklem at the annual Jackson Hole Economic Policy Symposium on Friday, Aug. 28, 2026, in Moran, Wyo. (AP Photo/Amber Baesler)

JACKSON HOLE, Wyoming (AP) — Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he has previously sent about his economic outlook.

In his first high-profile…

Original source: https://apnews.com/business