Fed's Warsh: Inflation Data Shows No Major Improvement, Focus Remains on Price Stability

Published: Aug 31, 2026 11:54

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Fed Chairman Warsh: Inflation data did not show a significant improvement in the trend; the Fed's main focus at present should be prices; we must be confident that underlying inflation is moving toward the target, otherwise we still have work to do. It is difficult to describe financial conditions as restrictive. Market pricing showed that the probability of a Fed rate hike in September was higher than the likelihood of keeping rates unchanged.

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