Summary
- Federal Reserve Chair Kevin Warsh said interest-rate increases could be part of the solution if inflation remains high.
- At a Federal Open Market Committee (FOMC) press conference, Warsh said future monetary policy will depend on the course of prices and that he is not ruling out additional rate hikes.
- Warsh said the Fed's sole objective is 2% price stability, reaffirming that it could pursue further tightening if price pressures do not ease.
Forecast Trend Report by Period
Federal Reserve Chair Kevin Warsh said interest-rate increases could be part of the solution if inflation remains high, Bloomberg reported on July 29.
At a Federal Open Market Committee press conference, Warsh said future monetary policy will depend on the course of prices. He did not rule out additional rate hikes if inflation stays higher for longer than expected.
The comments reinforced his earlier statement that the Fed's sole objective is 2% price stability and underscored that the central bank could tighten further if price pressures fail to ease.
JH Kim
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