Federal Reserve Chairman Keeps Inflation Concerns High Despite Recent Cooling
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Warsh had strong words about his commitment to fighting inflation. In a highly-anticipated speech Friday morning, Federal Reserve Chairman Kevin Warsh voiced concern about persistently high inflation, saying the central bank should focus on bringing down prices -- but stopped short of explicitly calling for an interest rate hike.
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The HillWarsh indicates Fed could raise rates to cool inflation Federal Reserve Chair Kevin Warsh signaled on Friday the Federal Reserve is not ruling out an interest rate hike as inflation remains too high. “We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do,” Warsh said in a speech at the Fed’s…
Associated PressJACKSON HOLE, Wyoming (AP) — 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.
HuffPostJACKSON HOLE, Wyoming (AP) — 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.
Washington TimesFederal Reserve Chairman Kevin Warsh said the central bank has “work to do” in taming inflation and cannot offer any excuses in pursuing that goal, a signal that higher interest rates could be necessary.
NPR NewsFederal Reserve chairman Kevin Warsh remains tight-lipped about where he thinks interest rates are heading — but investors took his tough talk about inflation at a closely-watched speech on Friday as a signal that rates are likely to go higher.
New York TimesFed Chairman Seeks to Calm Concerns About Elevated Inflation In a high-profile speech, Kevin M. Warsh said that the Federal Reserve was chiefly responsible for taming inflation. If price increases did not return to the central bank’s target quickly, “we have work to do,” he said.
NBC NewsFollowing Warsh’s speech, the odds that the Fed would raise its benchmark interest rate next month in order to cool inflation increased.
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Inflation cooled in June and July after spiking in May from soaring gas prices, yet it remains above the central bank’s target. According to the Fed’s preferred measure, it was 3.7% in July.
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Associated PressInflation cooled in June and July after spiking in May from soaring gas prices, yet it remains above the central bank’s target. According to the Fed’s preferred measure, it was 3.7% in July.
ABC NewsInflation cooled in June and July after spiking in May from soaring gas prices, yet it remains above the central bank’s target. According to the Fed’s preferred measure, it was 3.7% in July.
Washington TimesInflation cooled in June and July after spiking in May from soaring gas prices, yet it remains above the central bank’s target. According to the Fed’s preferred measure, it was 3.7% in July.
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Speaking from Jackson Hole, Wyo., Warsh argued that the labor market is stable, investment is strong and consumer spending is resilient. But he also noted that prices are still climbing faster than the central bank — and most people — would like.
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NBC NewsWarsh noted that the labor market looks “stable,” and said this was one reason that he saw prices as “more concerning.”
6 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 HuffPost But he did suggest that interest rates currently aren’t restricting economic activity, pointing to robust business investment in AI equipment and infrastructure and strong consumer spending. As a rule of thumb, interest rates often need to be high enough to limit borrowing and spending to cool inflation.
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02 Associated Press But he did suggest that interest rates currently aren’t restricting economic activity, pointing to robust business investment in AI equipment and infrastructure and strong consumer spending. As a rule of thumb, interest rates often need to be high enough to limit borrowing and spending to cool inflation.
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03 ABC News But he did suggest that interest rates currently aren't restricting economic activity, pointing to robust business investment in AI equipment and infrastructure and strong consumer spending. As a rule of thumb, interest rates often need to be high enough to limit borrowing and spending to cool inflation.
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04 Washington Times But he did suggest that interest rates currently aren’t restricting economic activity, pointing to robust business investment in AI equipment and infrastructure and strong consumer spending. As a rule of thumb, interest rates often need to be high enough to limit borrowing and spending to cool inflation.
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05 NBC News There were also calls for an interest rate from economists, including some within the Fed. Trump has routinely called for lower rates that would spark the economy but risk even greater inflation.
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06 NPR News The consumer price index shows prices have risen 3.4% over the twelve months ending in July, while the Fed's preferred measure puts inflation at 3.7% during that period.
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- washtimes