Warsh’s Inflation Warning Sets Up September Showdown for the Fed

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Tiff Macklem, governor of the Bank of Canada, left, Kevin Warsh, chairman of the US Federal Reserve, center, and Andrew Bailey, governor of the Bank of England, at the Kansas City Federal Reserve’s Jackson Hole Economic Policy Symposium in Moran, Wyoming on Aug. Federal Reserve Chairman Kevin Warsh ’s tough message on inflation has set up the central bank’s September policy meeting as a pivotal moment in its mission to tame prices. By warning in a speech that price pressures have yet to meaningfully slow, Warsh will have little option, analysts said, but to raise interest rates this year if inflation remains well above the central bank’s 2% target.

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