In a highly anticipated speech at the Jackson Hole Economic Symposium in Wyoming on Friday, Federal Reserve Chair Kevin Warsh said inflation remains higher than the central bank’s longstanding goal of 2% and suggested the central bank may need to raise interest rates in the coming months.
“We must be confident that underlying inflation is moving to our objective clearly and at sufficient speed,” Warsh said during the annual gathering of global banking leaders and finance ministers.
Warsh said he is impressed by the overall performance of the U.S. economy, citing the strength of capital business investments and a 20% growth
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