Fed Chair Kevin Warsh mentioned at his last press conference that he believed the unemployment rate was running “basically consistent with full employment.” What does that mean?
Fed Chair Kevin Warsh thinks Fed officials have tipped their hand too much in the past about their future plans for interest rates. But he hasn’t been able to keep everybody else quiet.
Fed Chair Kevin Warsh gave remarks at the annual Jackson Hole Economic Policy Symposium on Friday morning. The speech seemed to signal that the Fed will have to raise rates.
Core PCE, the Fed’s preferred inflation measure, hit an annual rate of 3.3% today. But there’s not that much the Fed can do when there are so many factors outside of its control.