New Fed Chief Worries About Rising Prices, Won't Tip His Hand

In his first major speech on August 28, 2026, Fed Chair Kevin Warsh called inflation "concerning" but wouldn't say if interest rates will change. Inflation — the rate at which prices rise — is 3.7 percent, nearly double the Fed's 2 percent goal. After the speech, investors bet more heavily on a September rate hike, per same-day reporting.