US Central Bank Chair Signals Potential Rate Rise Amid Inflation Threat
UKPulse Money Desk
The US central bank's chair, Kevin Warsh, has indicated that the bank "will have work to do" if inflationary pressures do not decrease, hinting at a potential interest rate increase.
- US central bank chair Kevin Warsh signalled a potential interest rate rise.
- The indication comes amid ongoing inflationary pressures.
- Warsh stated the bank "will have work to do" unless inflation recedes.
Kevin Warsh, the Trump-appointed chair of the US central bank, has indicated that the institution "will have work to do" unless inflationary pressures begin to recede. This statement, made amid pressure for a signal on interest rates, suggests a potential move towards raising rates.
The comments from Warsh come as the US central bank faces an ongoing threat from inflation.