Warsh signals possible rate hikes

Federal Reserve Chair Kevin Warsh said inflation is still too high and suggested the central bank may have to raise interest rates soon.

In a much-anticipated speech, Warsh doubled down on his controversial strategy of providing investors less explicit 'forward guidance' about when the Fed would move.

IMF Managing Director Kristalina Georgieva praised Warsh's Jackson Hole speech, saying he 'did a great job' addressing stubborn inflation.

Markets reacted cautiously to the hawkish signals, with analysts parsing every word for clues about the Fed's next move.