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Fed Hikes Loom as Inflation Resists | Tulsa News
Federal Reserve Chair Kevin Warsh warned at Jackson Hole that interest rates may need to rise soon if inflation doesn’t cool, citing stubborn prices despite falling gas costs. His remarks, backed by fellow economists, signal growing pressure for a September rate hike, especially as key inflation data arrives just before the Fed’s next meeting. Warsh’s credibility hinges on follow-through — failure to act could spark backlash. While short-term borrowing costs may not spike immediately, longer-term rates remain steady, reflecting investor confidence in eventual inflation control. The Fed faces…
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