Nick Timiraos|Aug 28, 2026 14:05
Federal Reserve Chairman Kevin Warsh signaled the central bank may not be done fighting inflation, saying financing conditions didn't look restrictive to him and that better price readings recently hadn't convinced him the trend was improving.
"I would be hard pressed to describe broad financial conditions as restrictive."
"We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do."
"And while this summer's PCE and CPI readings were better than expected, they do not tell me that underlying trends have meaningfully improved."(Nick Timiraos)
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