Fed's Warsh: Rate Hikes Could Resume as Inflation Lags Target

Fed Chairman Kevin Warsh told Jackson Hole that more rate hikes may come. Inflation sits at 3.4% against the Fed's 2% goal, and Warsh said policymakers "have work to do" unless they are confident prices are easing. Markets quickly priced in higher odds of another hike. The Fed decides next on September 15–16.