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Warsh: Inflation remains high amid Federal Reserve targets
In his speech at the Jackson Hole Conference, Federal Reserve Chairman Kevin Warsh addressed the lack of a noticeable slowdown in inflation, affirming that the central bank is committed to restoring inflation to its 2% target and that interest rates remain the primary tool to achieve this. He explained that current measures have not resulted in clear improvements in core inflation trends, and his current priority is price stability, emphasizing that reaching this goal requires additional effort. He also pointed out that markets reflect confidence in the eventual victory of price stability, despite inflation remaining above target. Market expectations currently indicate a lower likelihood of interest rate hikes in the upcoming months, with economic activity and inflation continuing to decline.
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