Fed Chair Warsh Signals Rate Hikes Possible Amid Inflation Concerns

Federal Reserve Chair Kevin Warsh delivered a hawkish keynote address at the Jackson Hole Economic Symposium on August 28, emphasizing that inflation remains the central bank's primary concern and signaling that interest rate hikes are still a possibility. His remarks immediately rattled financial markets, pushing Bitcoin below $80,000 and sharply increasing bets on a rate increase at the Fed's next meeting. Speaking at the Fed's annual symposium, Warsh stated that policymakers "must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do.