Fed Chair Warsh Reaffirms Commitment to Fighting Inflation, Signals More Work Ahead

Federal Reserve Chair Kevin Warsh, speaking at the Jackson Hole symposium, reiterated the central bank's unwavering focus on combating inflation. He stated that the Fed would have 'more work to do' if inflation does not clearly and swiftly move towards the 2% target. Warsh also noted that recent inflation data did not suggest a change in trend, leading traders to increase their bets on a September rate hike.