Federal Reserve Chair Kevin Warsh said Friday at the annual Jackson Hole meeting that inflation in the United States remains high and concerning. In his first detailed speech in his position, he suggested that the Fed may proceed to raise interest rates if price pressures do not ease. Independent ↗
Warsh emphasized the central bank's commitment to return inflation to the two percent target. According to published information, he gave priority to price stability over labor market data as a key guide for the next monetary policy decisions. His speech was watched by markets also because American President Donald Trump has repeatedly called for lower interest rates. SITA ↗
The new Fed chief also indicated a change in the central bank's communication style. In his speech, he admitted that he does not consider financial conditions to be significantly restrictive, which markets read as a signal of possible tightening of monetary policy. Yields on two-year U.S. Treasury bonds rose sharply by more than six basis points to 4.298 percent after the speech. teraz.sk ↗
The reaction of European markets was mainly favorable. European exchanges closed trading with gains after Warsh reiterated the emphasis on fighting inflation. Further developments will depend on whether price pressures in the American economy ease and how the Fed evaluates room for further rate decisions. ANSA ↗
Warsh at Jackson Hole Admits Higher Rates Possible for Inflation
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Sources (10)
Fed Chair Kevin Warsh signals rate hikes may be needed in Jackson Hole speech
Independent
| 17:12 28.08.
USA und Kanada: Kommt nach dem Amerikasee das Amerikameer?
Die Zeit
| 17:10 28.08.
Kevin Warsh: Neuer US-Notenbankchef signalisiert Bereitschaft zu Zinserhöhung
Spiegel.de
| 17:33 28.08.
Warsh resalta su compromiso para reconducir la inflación al 2% y anuncia medidas si es necesario
El Pais
| 17:12 28.08.
Šéf Fedu K. Warsh priznal, že inflácia zostáva vysoká
teraz.sk
| 16:41 28.08.
US-Wirtschaft: Warsh signalisiert Bereitschaft zur Zinserhöhung
Tagesspiegel
| 16:39 28.08.
US-Wirtschaft: Warsh signalisiert Bereitschaft zur Zinserhöhung
Die Zeit
| 16:37 28.08.
Výnosy dvojročných dlhopisov USA po prejave šéfa Fedu prudko vzrástli
teraz.sk
| 18:15 28.08.
Kevin Warsh abre la puerta a subir los tipos en EEUU para controlar la inflación y aboga por una Reserva Federal más discreta
El Mundo
| 16:56 28.08.
Aké budú ďalšie kroky Fedu? Warsh vyjadril obavy z pretrvávajúcej vysokej inflácie
hnonline.sk
| 16:46 28.08.
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