Fed's Kevin Warsh warns inflation is too high, sparking bets rate hikes are coming

Fed official Kevin Warsh has warned that inflation remains too high, emphasizing a strong commitment to combating rising prices. In a recent major speech, Warsh stated that the Fed still has work to do if prices do not fall. These comments have sparked market expectations that rate hikes may be coming, although he did not explicitly outline a specific path forward. The warnings highlight the ongoing struggle to stabilize the economy through potential monetary policy adjustments.