Bloomberg · Business · 2026-08-29
Kevin Warsh: Inflation isn’t meaningfully slowing
Kevin Warsh: Inflation isn’t meaningfully slowing. Warsh reiterated that policymakers will return inflation to their 2% goal. He stopped short of signaling he would support an interest-rate hike when Fed officials gather in Sept. Yields for two-year Treasuries rose five basis points to 4.28%, while 30-year rates slipped — signal of an expectation that Fed may need to raise short-term rates. Federal Reserve chairman Kevin Warsh warned inflation isn’t meaningfully slowing and said policymakers must be confident that it is, otherwise the central bank has “work to do.” In a sweeping speech, his first since becoming chairman of the central bank in May, Warsh reiterated that policymakers will return inflation to their 2% goal, which he said is a firm and fixed target.
Why it matters. Why it matters: Kevin Warsh: Inflation isn’t meaningfully slowing.
Read original on Bloomberg Get the app
Licensed summary · LicensedSummary
Related briefs
- Iran’s foreign trade plunges 35% as US sanctions deepen war’s economic toll
- It is all Krishna’: RSS chief Mohan Bhagwat at ISKCON temple in New York
- Delhi-NCR is expected to be partly cloudy to sunny and very warm on Saturday
- Nepal, China flash floods: Missing toll soars past 2,400 as rescuers race to
- India lose in shootout to Belgium, finish 8th in FIH World Cup