Fed's Warsh says 'work to do' on inflation, hints at rate hikes
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Neutral summary
Federal Reserve Chair Kevin Warsh, in his keynote speech at the Jackson Hole symposium on August 28, said inflation is not slowing sufficiently and that the central bank may need to raise interest rates. “We need to be sure that underlying inflation is moving toward our goal clearly and at a sufficient pace. Otherwise, we have work to do,” he said. Following his remarks, the dollar strengthened while Wall Street closed lower, with the Dow Jones falling 0.02%, the S&P 500 losing 0.25%, and the Nasdaq dropping 0.52%. In Brazil, the dollar rose 0.66% to 5.196 reais, while the Ibovespa gained 0.22%. Analysts say Warsh's comments increase the likelihood of a rate hike at the Fed's September meeting and set up a clash with President Donald Trump, who favors lower borrowing costs.
How it was framed
Outlets: 49. Countries: 15. Facts in the shared core: 5.
Publication timeline
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CNBC (outlet profile)
Treasury yields tread water with all eyes on Kevin Warsh's Jackson Hole keynote speech. Treasury yields were little changed
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G1 (outlet profile)
Dólar sobe e fecha a R$ 5,16, de olho na taxa de desemprego e na alta do petróleo; Ibovespa avança. Entenda o que faz o preço do dólar subir ou cair O dólar iniciou a sessão desta sexta-feira (28) de olho no cenário int…
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The New York Times (outlet profile)
Warsh’s Big Test at Jackson Hole. Investors want Kevin Warsh, the Fed chairman, to address inflation, interest rates and the bond market in a major speech. Some worry he won’t say enough.
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Folha de S.Paulo (outlet profile)
Acompanhe a cotação do dólar nesta sexta-feira (28). O dólar abriu próximo da estabilidade nesta sexta-feira (28) com os investidores à espera do discurso do presidente do Fed (Federal Reserve, o BC dos EUA), Kevin Wars…
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UOL (outlet profile)
Acompanhe a cotação do dólar nesta sexta-feira (28). O dólar abriu próximo da estabilidade nesta sexta-feira (28) com os investidores à espera do discurso do presidente do Fed (Federal Reserve, o BC dos EUA), Kevin Wars…
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Asharq Al-Awsat (outlet profile)
Gold Inches Lower ahead of Fed Chair Warsh's Jackson Hole Remarks
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The Hill (outlet profile)
Watch live: Warsh gives key speech at Jackson Hole amid inflation, bond jitters. Federal Reserve Chair Kevin Warsh will deliver a pivotal speech Friday at the central bank's annual economic symposium in Jackson Hole, Wy…
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The Independent (outlet profile)
All eyes on Fed Chair Warsh during the central bank’s annual conclave in Jackson Hole. New Federal Reserve Chair Kevin Warsh has sought to take a lower profile than his predecessors, yet his speech Friday at the central…
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Metropoles (outlet profile)
Dólar sobe forte à espera de discurso do presidente do BC americano. Moeda americana avança 0,63% frente ao real, cotada a R$ 5,19. O Ibovespa, principal índice da B3, oscila, mas mantém valorização de 0,11%
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The New York Times (outlet profile)
Fed Chairman Seeks to Calm Concerns About Elevated Inflation. In a high-profile speech, Kevin M. Warsh said that the Federal Reserve was chiefly responsible for taming inflation. If price increases did not return to the…
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Financial Times (outlet profile)
Warsh says Fed will have ‘work to do’ if inflation does not fall soon. Central bank chair signals rising concerns over persistently elevated price increases
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CNBC (outlet profile)
Fed Chairman Warsh expresses concern about inflation trend, while advocating for 'quieter' central bank: Watch live. He used the speech to outline his philosophy on policymaking while carefully sidestepping any signals
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El Economista (outlet profile)
Comercio exterior crece, NVIDIA subió 8.74%, política en México e inflación en EU. "La Primera de El Economista" concentra las notas más relevantes de la portada del periódico, con el contexto y análisis que marcan la a…
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Clarín (outlet profile)
Warsh muestra su preocupación por la inflación y aboga por una Fed más discreta. El líder del banco central de EE.UU. expresó inquietud por la inflación, sugiriendo una comunicación más cauta para evitar confusiones en…
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Forbes (outlet profile)
Markets Must Rethink Rate Expectations As Warsh Pulls Back Fed Guidance. Warsh’s first 100 days signal a shift away from Fed forward guidance as markets take on more responsibility for pricing money, inflation and long-…
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elDiario.es (outlet profile)
Warsh mantiene su apuesta por la discreción de la Fed pero se muestra preocupado por la inflación en EEUU. El presidente de la Reserva Federal (Fed) asegura que los datos de inflación del verano son mejores de lo espera…
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The Hill (outlet profile)
Warsh indicates Fed could raise rates to cool inflation. Federal Reserve Chair Kevin Warsh signaled on Friday the Federal Reserve is not ruling out an interest rate hike as inflation remains too high. "We must be confid…
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Newsweek (outlet profile)
Fed Chair Focuses on Prices After US Economy Sheds More Jobs Than Thought. “We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed,” Warsh said.
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El Economista (outlet profile)
Warsh dice que la Fed tiene "trabajo por hacer" si persiste una inflación por encima del objetivo. El presidente de la Reserva Federal, Kevin Warsh, dijo este viernes que el banco central estadounidense tendrá "trabajo…
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Forbes (outlet profile)
Fed Chair Kevin Warsh Says Inflation Still Too High In First Jackson Hole Speech. Warsh called for a “quieter” central bank, saying investors shouldn’t be “looking primarily to the Fed for their next trade.”
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UOL (outlet profile)
Presidente do Fed afirma que inflação nos EUA é 'preocupante'. O presidente do Federal Reserve (Fed) afirmou, nesta sexta-feira (28), que a inflação nos Estados Unidos é "preocupante" e que dificilmente poderia descreve…
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BFMTV (outlet profile)
La politique monétaire américaine peut "difficilement" être vue comme "restrictive", selon la Fed. Le président de la Réserve fédérale américaine (Fed) a estimé vendredi 28 août qu'il pouvait "difficilement" qualifier l…
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New York Post (outlet profile)
Fed’s Kevin Warsh says there may still be ‘work to do’ on inflation at Jackson Hole retreat. Federal Reserve Chair Kevin Warsh said there may be “work to do” on inflation, though he again danced around his outlook on in…
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Business Insider (outlet profile)
AI optimism and 'a quieter Fed': 3 takeaways from Kevin Warsh's first Jackson Hole speech as chair. At Jackson Hole, Kevin Warsh spoke about AI tokens, inflation and why he wants a "quiet Fed."
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La Tribune (outlet profile)
Taux directeurs : l'inflation est « préoccupante » aux États-Unis, selon le patron de la Fed. À l'occasion du symposium de Jackson Hole, le président de la Réserve fédérale américaine, Kevin Warsh, a affirmé que sa poli…
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ABC News (outlet profile)
Fed Chair Warsh signals rate hikes may be needed with inflation still elevated. Federal Reserve Chair Kevin Warsh says inflation is still too high and suggested the central bank may have to raise interest rates in the c…
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La Repubblica (outlet profile)
Fed, Warsh “preoccupato” dall’inflazione: “I prezzi sono ancora troppo alti. Pronti ad agire”. Il discorso del presidente della banca centrale statunitense al simposio di Jackson Hole: “Difficile definire le attuali con…
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BFMTV (outlet profile)
Une hausse des prix "préoccupante" mais une économie américaine "qui semble renforcée": le patron de la Fed priorise la lutte contre l'inflation et risque de décevoir Trump en augmentant les taux. Kevin Warsh, patron de…
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El Mundo (outlet profile)
Kevin Warsh abre la puerta a subir los tipos en EEUU para controlar la inflación y aboga por una Reserva Federal más discreta. En su estreno en la cumbre de Jackson Hole, Warsh prioriza los precios frente a los datos de…
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Le Monde (outlet profile)
Kevin Warsh, le président de la Fed, trouve « préoccupante » l’inflation aux Etats-Unis. Lors de son premier discours aux rencontres annuelles de Jackson Hole, dans le Wyoming, le président de la Réserve fédérale améric…
Factual core
- Warsh suggested the Federal Reserve may have to raise interest rates in the coming months to bring down inflation.
- Federal Reserve Chair Kevin Warsh spoke at the Jackson Hole symposium.
- Warsh expressed concern about inflation.
- Kevin Warsh is the US Federal Reserve Chair.
- Kevin Warsh flagged inflation concerns in his Jackson Hole speech.