Warsh Warning: Are Interest Rates Heading Higher?

BBC · Aug 28, 2026 · 10m

In his first speech at Jackson Hole as Federal Reserve chairman, Kevin Warsh said that while inflation readings had looked better than expected over the summer, they did not show that the current picture had “meaningfully improved”. The new Fed boss stressed that his remarks should not be treated as a guide to future interest rate decisions, but his comments suggest rates could be raised if policymakers believe inflation is too high. The latest figures showed prices rose 3.4% in the year to July, above the Fed’s 2% target. And more than 80 British actors and vocal artists are calling for…