Federal Reserve (Fed) Chair Kevin Warsh voiced concern about the United States' high inflation rate. He also said it is hard to view current financial conditions as restrictive.
In a keynote address at the Jackson Hole Economic Symposium in Wyoming on the 28th (local time), Warsh said of recent inflation trends, "From the standpoint of price stability, one of our mandates, the related indicators are more worrisome."
He added that it would be difficult to assess current U.S. financial conditions as "restrictive."
With Warsh signaling caution on inflation, markets are expected to focus more on the Fed's future interest rate decisions and monetary policy path.
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