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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.

© Natalie Behring/Getty Images

Federal Reserve Chairman Kevin Warsh at the Jackson Hole Economic Symposium in Jackson Hole, Wyo., on Friday.
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WATCH: Fed Chair Warsh signals stubborn inflation may require rate hikes in Jackson Hole speech

Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he had sent previously about his economic outlook.

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Warsh’s Big Test at Jackson Hole

Investors want Kevin Warsh, the Fed chairman, to address inflation, interest rates and the bond market in a major speech. Some worry he won’t say enough.

© Evelyn Hockstein/Reuters

Investors are eagerly awaiting today’s speech by Kevin Warsh, the Fed chairman.
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