Fed Chairman Kevin Warsh says prices remain too high, hinting at possible rate hikes
Federal Reserve Chairman Kevin Warsh said the central bank has "work to do" in taming inflation and cannot offer any excuses in pursuing that goal, a signal that higher interest rates could be necessary.
TL;DR
- The Federal Reserve has work to do in taming inflation.
- No excuses will be accepted in pursuing the goal of taming inflation.
- Higher interest rates may be necessary.