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Warsh signals US Fed may need to raise rates if above-target inflation lingers

The US central bank will “have work to do” if policymakers are not confident that underlying inflation is returning to its 2 per cent target, Federal Reserve Chairman Kevin Warsh said on Friday in remarks that acknowledged financial conditions do not appear restrictive and marked the closest he has come to acknowledging interest rate hikes may be needed to ease price pressures. “Here is my standard: We must be confident that underlying inflation is moving to our objective, clearly and at...

Where: Wyoming

Exact coordinates

wyoming: 43.080, -107.290

Read it at South China Morning Post See this on the map

Warsh signals US Fed may need to raise rates if above-target inflation lingers
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