Fed, Kevin Warsh and inflation
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Lisa Cook, Fed
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By Michael S. Derby and Howard Schneider JACKSON HOLE, Wyoming, Aug 28 (Reuters) - Federal Reserve Chairman Kevin Warsh's disdain for signaling anything about the monetary policy outlook appeared to have tempered a bit on Friday in the face of a bond market clamoring for his thoughts on high inflation and what he might do about it.
Federal Reserve Chair Kevin Warsh said measures of inflation are still elevated, but it is not yet clear that the Fed must take action to address rising prices.
Kevin Warsh remarks suggest interest rates could be increased if policymakers think inflation is running too high.
By Lewis Krauskopf, Saqib Iqbal Ahmed and Laura Matthews NEW YORK, Aug 28 (Reuters) - Investors were heartened on Friday by new Federal Reserve Chair Kevin Warsh's stated resolve to tame high inflation,
CNBC's Steve Liesman and Randall Krozner, Fmr. Federal Reserve governor, react to Fed Chairman Kevin Warsh's Friday speech at Jackson Hole.
While much of Wall Street is standing by to hear what Federal Reserve Chairman Kevin Warsh has to say today at his first speech to the Jackson Hole economic symposium, history suggests the stock market is likely to react with a whimper rather than a roar.