Kevin Warsh, president of the Federal Reserve of the United States, warned during the Jackson Hole symposium about the risks associated with inflation, arguing that current financial conditions are not sufficiently restrictive to contain rising prices.
Warsh stated that underlying inflation has barely improved, suggesting that the central bank's efforts to control inflationary pressure have not yet achieved the desired results. This position reinforces the possibility of further interest rate hikes by the Fed.
The Federal Reserve president also refused to provide future guidance on the trajectory of monetary policy, adopting a cautious stance that contrasts with the expectations of greater clarity from financial markets.
Warsh's speech at Jackson Hole comes at a time of heightened tension in the markets, where investors are seeking signals about the next steps in U.S. monetary policy.
