Federal Reserve Chair Warsh said Friday the central bank still has work to do unless policymakers are confident inflation is returning to the 2% target 「at a clear and sufficiently fast pace.」 The comment implies that an interest-rate hike could be the Fed's next move if price pressures do not ease. Warsh made clear he remains committed to the Fed's long-standing policy path of using rate adjustments to manage inflation. That stance greatly increases the likelihood of a rate increase, while also raising the prospect of a clash with President Trump, who has long pushed for cuts. The remarks largely eliminate the ambiguity surrounding the Fed's policy outlook. At a late-July press conference, Warsh declined to respond in detail to questions about whether rate hikes would be needed to deal with inflation that has run above the Fed's target for more than five consecutive years and accelerated sharply this year. The latest comments signal that the Fed is keeping rate increases on the table.
ChainCatcher reported that Federal Reserve Chair Warsh said on Friday the central bank still has work to do unless policymakers are convinced inflation is returning to the 2% target 「at a clear and sufficiently fast pace.」 The comment suggests the Fed could raise rates next if price pressures do not improve.
Warsh made clear he continues to support the Fed's long-standing approach of managing inflation through interest-rate adjustments. That stance greatly increases the odds of a rate increase, while also putting him at odds with President Trump, who has long pushed for lower interest rates. The remarks largely clear up the ambiguity that had remained.
At a late-July press conference, Warsh declined to respond at length to questions about whether rate hikes would be needed to combat inflation that has risen sharply this year and has run above the Fed's target for more than five consecutive years.
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