Markets see Warsh endorsing a rate hike in September. Not everyone is convinced

Kevin Warsh, chairman of the US Federal Reserve, walks the grounds during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Friday, Aug. 28, 2026. David Paul Morris | Bloomberg | Getty ImagesJust a few carefully chosen words from Federal Reserve Chairman Kevin Warsh convinced markets that he was serious about inflation and ready to recommend an interest rate hike in just a few weeks.The path in that direction, though, still looks cluttered, with plenty of incentive left to convince Warsh and his fellow central bank policymakers that a move isn't necessary yet.Following Warsh's keynote speech Friday at the Fed's annual Jackson Hole, Wyoming symposium, markets flipped on rate expectations. Prior, they expected little likelihood of a rate incre