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Source:
Los Angeles Times
Warsh's pledge may influence Fed rate plans
Federal Reserve Chair Kevin Warsh indicated that inflation remains too high and may necessitate further rate hikes to meet the 2% target. During his speech at Jackson Hole, he emphasized that recent data show only a modest cooling in inflation, but underlying trends have not improved meaningfully. Warsh noted that current interest rates are not yet restrictive enough to slow inflation and highlighted concerns over rising long-term bond yields.
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