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Warsh Warns Stubborn Inflation Could Trigger Near-Term Hike

9/9/2026

Summary

Story summary

Federal Reserve (Fed) Chair Kevin Warsh warned stubborn inflation could trigger a near-term rate hike.
He said price-stability numbers are more concerning after the Jackson Hole meeting.
Warsh argued explicit guidance fuels market risk, so the Fed is offering less guidance.
The consumer price index due Friday is slightly above the Fed’s 2% target, easing.
Mortgage rates rose to 6.71% while the Fed left baseline rates unchanged, reflecting market signals.

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Story summary

Federal Reserve (Fed) Chair Kevin Warsh warned stubborn inflation could trigger a near-term rate hike.
He said price-stability numbers are more concerning after the Jackson Hole meeting.
Warsh argued explicit guidance fuels market risk, so the Fed is offering less guidance.
The consumer price index due Friday is slightly above the Fed’s 2% target, easing.
Mortgage rates rose to 6.71% while the Fed left baseline rates unchanged, reflecting market signals.