The Fed "has a lot of work ahead" if inflation doesn't fall quickly — Warsh

Inflation remains too high, and it must remain a top priority for the Federal Reserve, said Federal Reserve Chair Kevin Warsh in his first speech at a symposium in Jackson Hole, Wyoming. The full text of the speech is available on the Fed’s website.

“Here’s my standard. We need to be confident that core inflation is moving toward our goal—clearly and at a sufficient pace. Otherwise, we have a lot of work ahead of us. This is our job... our mandate... and our commitment, which we must fulfill,” said the Fed chair.

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