Federal Reserve (FED) · Kevin Warsh · Bitcoin · CME Group · CoinDesk
Federal Reserve Chairman Kevin Warsh says the central bank’s “predominant focus” right now should be on inflation
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“The responsibility for 65 months of sustained, elevated inflation sits squarely with the central bank,” said Warsh, delivering his keynote address at the Kansas City’s Fed Jackson Hole symposium.
Key facts
- September rate hike odds have jumped to 42% from 35% a day earlier, according to CME FedWatch
- The responsibility for 65 months of sustained, elevated inflation sits squarely with the central bank,” said Warsh, delivering his keynote address at the Kansas City’s Fed Jackson Hole symposium
- Federal Reserve Chairman Kevin Warsh says the central bank’s “predominant focus” right now should be on inflation
- The team must be confident that underlying inflation is moving to their objective, clearly and at sufficient speed
Summary
In his Jackson Hole address, Fed Chair Kevin Warsh said the U.S. central bank has “work to do” on achieving its 2% inflation mandate. Bitcoin slipped back to $78,700. Federal Reserve Chairman Kevin Warsh says the central bank’s “predominant focus” right now should be on inflation. “The team must be confident that underlying inflation is moving to their objective, clearly and at sufficient speed.