Fed chair says inflation is not slowing and that the central bank 'has work to do'Photo by Alex Dos Santos on Pexels
BusinessCoimbra

Fed chair says inflation is not slowing and that the central bank 'has work to do'

oglobo28 August 2026 at 18:35

The chairman of the Federal Reserve (Fed), Kevin Warsh, warned that inflation in the United States is not slowing significantly and said that monetary policymakers need to be confident that this is happening before cutting interest rates. Otherwise, according to him, the American central bank "has work to do."

This was Warsh's first speech since becoming Fed chairman in May. In his remarks, he reiterated that monetary policymakers will bring inflation back to the 2% target, which he described as a "firm and fixed target."

After the speech, the dollar extended its gains against the real and the Brazilian Stock Exchange fell. The American currency was quoted at R$5.21, up 1%.

Warsh spoke during the event in Jackson Hole, known for bringing together global monetary authorities, where investors are paying attention to any signal about the next steps in United States monetary policy.

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