Fed Chair Warsh Says To What Extent Are These Shocks Broadening Inflation; If Inflation Continues To Be Elevated Through Forecast Period, Interest Rates Could Be Part Of Solution; Shocks In This Juncture Make The Job A Little Tougher; I Would Consider What We Did Was A Rigorous Review Of Economic Situation; If You Were To Describe This As A Pause, Financial Markets Would Take The Other Side Of That; Have Not Begun To Consider What Will Go Into Jackson Hole Speech
https://www.youtube.com/watch?v=cyexh4Ikrp4
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Why It Matters
The Fed leader is watching whether price increases are spreading through the economy. He said interest rates (the price of borrowing money) might stay higher for a while if prices keep going up.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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