Wall Street ends lower after Fed Chair Warsh reaffirms inflation fight

Wall Street ends lower after Fed Chair Warsh reaffirms inflation fight  Reuters

Kevin Warsh passed another big test as a new Federal Reserve chairman on Friday: He said the central bank still has work to do on inflation, and the bond market took him at his word.

Warsh says recent reports on inflation coming down does not tell him "underlying trends have meaningfully improved."

Gold Settles Lower on Warsh Concerns About Inflation  WSJ

The Fed chair stopped short of signaling a rate hike but said the central bank may have "work to do" if price trends don't improve

US Federal Reserve Chair Kevin Warsh’s comments reassured investors that fighting inflation remains the Fed’s main priority.

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

Comments from the new Fed chair appeared to reassure Wall Street that fighting inflation remains the priority for the central bank.

Warsh had strong words about his commitment to fighting inflation.

Federal Reserve Chair Kevin Warsh says inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he has sent before about his economic outlook

Fed chief Kevin Warsh said in a closely watched speech that inflation remains a concern, while praising the broader U.S. economy.

Fed Chair Warsh signals rate hikes may be needed with US inflation stubbornly elevated  AP News

At the annual Jackson Hole symposium in Wyoming on Friday, Warsh praised the American economy's 'overall performance' but hinted that the US central bank may need to act to curb high inflation.

At the annual Jackson Hole symposium in Wyoming on Friday, Warsh praised the American economy's 'overall performance' but hinted that the US central bank may need to act to curb high inflation.

Economists and financial markets will be watching closely on Friday when the Federal Reserve Chairman Kevin Warsh delivers a keynote address.

The Australian sharemarket dipped in early trade on yet another busy earnings season day, with Qantas and Wesfarmers among those having reporting their results.

The Australian sharemarket dipped in early trade on yet another busy earnings season day, with Qantas and Wesfarmers among those having reporting their results.