Warsh Signals Fed’s Battle Continues | Hattiesburg News

New Fed Chair Kevin Warsh delivered a sobering message at Jackson Hole, warning that inflation’s cooling is superficial and underlying trends remain troubling. He emphasized the Fed’s unwavering focus on returning prices to 2% — even if it means more hikes. While he didn’t signal an imminent move, his tone underscored that current rates aren’t doing enough to curb spending, with business investment and consumer activity still strong. Warsh’s deliberately vague approach contrasts with Powell’s clarity, leaving markets guessing but reassured that inflation isn’t off the table. With over half of goods and services up 3%+ in the past year, Wall Street now sees a 50-50 chance of a September rate hike — a sharp shift from earlier forecasts. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/97e3a9d893609ee8