NYTIMES (Colby Smith) - Elevated Inflation Keeps Pressure on Fed to Raise Rates
The odds of a quarter-point rate increase at the Federal Reserve’s meeting next week surged to 90 percent after August’s Consumer Price Index report.
YOUTUBE (Fox Business) - Fed close to a HOLD by September meeting, chief economist says
Fedguy.com principal Joseph Wang and EY-Parthenon chief economist Greg Daco discuss the Federal Reserve's incoming decisions amid the current inflation rate on 'Making Money.' #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #makingmoney #fed #federalreserve #economy #economics #inflation #interestrates #rates #finance #markets #wallstreet #banking #monetarypolicy #kevinwarsh #josephwang #gregdaco
AXIOS (Neil Irwin) - Not so fast on rate hikes, some Fed officials say
After Federal Reserve chairman Kevin Warsh's speech in Jackson Hole , the markets penciled in an interest rate hike for the central bank's mid-September meeting. Comments from two influential officials now throw those expectations into question. The big picture: With August jobs and inflation data due out before a policy meeting in two weeks, the decision of whether to tighten policy appears to be on a knife-edge. - A meaningful contingent of Fed leadership is eager to raise interest rates to address stubbornly high inflation, while another, as Fed governor Christopher Waller put it Thursday morning, channeling John Lennon , is willing to "give disinflation a chance." - It's a close enough call that Warsh will likely be able to steer a…
NYTIMES (Colby Smith) - Rate Rise in Play as Fed Officials Await Inflation Data
Christopher J. Waller, a Federal Reserve governor, sounded optimistic about inflation’s trajectory but indicated he would support higher rates if progress does not continue.
THEAMERICANCONSERVATIVE (David Brady) - At Jackson Hole, Warsh Set Up a Potential Showdown With Trump
The Fed chair’s remarks suggest he may be willing to buck the president who appointed him. The post At Jackson Hole, Warsh Set Up a Potential Showdown With Trump appeared first on The American Conservative .
Economy Economy At Jackson Hole, Warsh Set Up a Potential Showdown With Trump The Fed chair’s remarks suggest he may be willing to buck the president who appointed him. Photo by Natalie Behring/Getty Images Kevin Warsh gave his first major speech as chairman of the Federal Reserve on August 28 at this year’s Jackson Hole Economic Policy Symposium. He followed his predecessors in giving clues about the Fed’s future direction—as much as he might prefer not to—and perhaps even set himself on a collision course with President Trump. Hosted by the Federal Reserve Bank…Open
JUSTTHENEWS (The Center Square Staff) - Fed Chairman Warsh calls for a ‘quieter’ Fed focused on reducing inflation
One of the “innovations” Warsh said he’s introducing at the Fed is changing “the form and function of forward guidance.”
YOUTUBE (LiveNOW from FOX) - Fed chair warns interest rate hikes may be needed
On Friday, Federal Reserve Chair Kevin Warsh delivered his first keynote at the annual monetary policy conference in Jackson Hole, Wyoming, against a backdrop of uncertainty over inflation and how he will guide policymakers as they consider interest rate moves. LiveNOW's Austin Westfall and Associated Press reporter Chris Rugaber discuss Fed Chair Warsh's comments on inflation and the possibility of raising interest rates.
THEAMERICANCONSERVATIVE (Jude Russo) - Warsh Hails Economic Strength, Hints at Possible Rate Hikes
State of the Union: In his first Jackson Hole speech as Fed chair, Warsh asserted that the AI resolution may be “a hinge point in history.” The post Warsh Hails Economic Strength, Hints at Possible Rate Hikes appeared first on The American Conservative .
Federal Reserve Chairman Kevin Warsh indicated Friday that he would consider interest rate hikes in the near future if inflation persists above the central bank’s 2 percent target. “There is one signal nobody can miss: The responsibility for 65 months of sustained, elevated inflation sits squarely with the central bank. And that is where it belongs,” Warsh, a long-time inflation hawk, said in his speech at the Fed’s annual confab at Jackson Hole, Wyoming. “Here is my standard: We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do.” Warsh argued that, despite inflationary headwinds, economic performance has been impressive. “For my part,…Open
NYTIMES (Joe Rennison) - Investors Expect Higher Rates After Fed Chairman’s Inflation Pledge
Kevin Warsh reiterated the Federal Reserve’s commitment to tackle rising prices, nudging up investor expectations of a rate increase.
ABCNEWS (ABC News: Top Stories) - Fed's Warsh: 'We have work to do' on inflation
Warsh had strong words about his commitment to fighting inflation.