Kevin Warsh, president of the Federal Reserve of the United States, used his speech at the Jackson Hole conference to convey a cautious message about US monetary policy.
Warsh warned that current credit conditions are not restrictive enough and that underlying inflation has not shown significant improvement, indicating that inflationary problems persist.
These statements reinforce the scenario of the Fed maintaining or potentially raising interest rates, at a time when the monetary institution seeks to contain inflationary pressure.
The president of the Federal Reserve also stepped back from any future guidance, suggesting that the Fed will maintain flexibility in its decisions without committing to predetermined paths.
