Kevin Warsh, president of the Federal Reserve of the United States, stated at the Jackson Hole symposium that "we may have work to do", in a reference to the possible need to adjust monetary policy in light of inflation.
Investors interpreted this phrase as a "soft forward guidance", signaling that they anticipate an interest rate hike still this year by the Federal Reserve.
The giant federal debt was identified as another challenge that the Federal Reserve chairman did not directly address during the symposium.
The market now appears more convinced that an interest rate hike is imminent, reacting to the indications left by Warsh at Jackson Hole.




