Warsh’s Hawkish Talk, No Rate Hikes | Business and Finance News

Fed chair Kevin Warsh sounds tough on inflation, demanding zero tolerance for high prices, but the real decision-makers at the FOMC are expected to hold off on rate hikes this year. Despite inflation peaking at 9% in 2022 and recent cooling in June, global shocks like oil prices and supply chain issues make rate hikes ineffective—and risky. Warsh, who’s skipping the Fed’s usual projections and questioning inflation metrics, may be vocal but isn’t ready to act. With the economy showing cracks and data still messy, the Fed is likely to stay put, waiting for clearer signals before moving. 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/8c243ac2c9819481