Kevin Warsh Jackson Hole Remarks on Inflation Progress
Fed Chair Kevin Warsh delivers hawkish message at Jackson Hole, stating inflation progress remains insufficient for 2% target.
Federal Reserve Chair Kevin Warsh stated that recent improvement in price pressures is not yet enough to confirm inflation is returning to the 2% target.
No Pre-Commitment on Policy Path
Warsh said the Fed’s predominant focus should remain on inflation and that policymakers should not pre-commit to any particular interest-rate path.