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Warsh says Fed has 'work to do' if above-target inflation persists

Warsh says Fed has 'work to do' if above-target inflation persists

By Howard Schneider and Ann Saphir JACKSON HOLE, Wyoming, Aug 28 (Reuters) - The U.S. central bank will "have work to do" if policymakers are not confident that underlying inflation is returning to its 2% target, Federal Reserve Chairman Kevin Warsh said on Friday in remarks that acknowledged
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Fed's Warsh faces challenge whether inflation is a problem or not

Fed's Warsh faces challenge whether inflation is a problem or not

By Howard Schneider and Ann Saphir JACKSON HOLE, Wyoming, Aug 27 (Reuters) - U.S. auto prices rose at a roughly 5% annualized pace in July, housing and utility costs increased at more than a 3.5% rate, and recreational goods prices soared by a double-digit pace as households swallowed a 3.7% jump in
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Will Warsh's Jackson Hole speech be a course correction or detour?

Will Warsh's Jackson Hole speech be a course correction or detour?

By Howard Schneider JACKSON HOLE, Wyoming, Aug 28 (Reuters) - Federal Reserve Chairman Kevin Warsh will address an audience of international economists and central bankers on Friday, with investors globally watching for him to offer more details about the economy, recent volatility in bond markets,
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Fed Chair Warsh signals rate hikes may be needed with inflation still elevated

Fed Chair Warsh signals rate hikes may be needed with inflation still elevated

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
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Analysis-Bessent, Warsh diverge on who should set the price of money

Analysis-Bessent, Warsh diverge on who should set the price of money

By Karen Brettell Aug 27 (Reuters) - Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh appear at odds over a question at the heart of U.S. financial policy. How hands-off can policymakers be when it comes to setting a price for money?
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US data buoys dollar as Fed hike expectations nudged higher

US data buoys dollar as Fed hike expectations nudged higher

By Chuck Mikolajczak NEW YORK, Aug 26 (Reuters) - The dollar advanced on Wednesday after a batch of U.S. economic data, including a reading on inflation, that slightly pushed up expectations for a rate hike from the Federal Reserve ahead of the Jackson Hole symposium of central bankers this week.
USA Today USA Today
Rates and inflation in focus as Fed chair preps for Jackson Hole debut

Rates and inflation in focus as Fed chair preps for Jackson Hole debut

Federal Reserve Chair Kevin Warsh is expected to give an update on the U.S. economy in his keynote address at a symposium in Jackson Hole, Wyoming.
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US rates need to rise soon absent evidence of ongoing drop in inflation, Fed's Collins says

US rates need to rise soon absent evidence of ongoing drop in inflation, Fed's Collins says

By Howard Schneider WASHINGTON, Aug 25 (Reuters) - The U.S.
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BOJ chief Ueda to skip Jackson Hole, shifts market focus to G20

BOJ chief Ueda to skip Jackson Hole, shifts market focus to G20

By Leika Kihara TOKYO, Aug 26 (Reuters) - Bank of Japan board member Naoki Tamura will attend the U.S. Federal Reserve's annual gathering in Jackson Hole, Wyoming, this week on behalf of Governor Kazuo Ueda, the central bank said on Wednesday.
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Explainer-Jackson Hole's big question: who pays the government's bill?

Explainer-Jackson Hole's big question: who pays the government's bill?

Aug 25 (Reuters) - Rising borrowing costs for heavily indebted governments and growing strains in sovereign bond markets are forcing investors to confront a question once considered unthinkable: will central banks ultimately be called on to help pay the bill?
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Dollar nudges higher ahead of US inflation data; Aussie gains on rate bets

Dollar nudges higher ahead of US inflation data; Aussie gains on rate bets

By Alun John and Gregor Stuart Hunter LONDON/SINGAPORE, Aug 26 (Reuters) - The dollar edged higher but remained range-bound against major peers on Wednesday as investors awaited U.S. inflation data that could set the tone ahead of the Jackson Hole symposium of central bankers later this week.
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Key inflation gauge remains elevated during Iran conflict and ongoing US trade fights

Key inflation gauge remains elevated during Iran conflict and ongoing US trade fights

An inflation measure closely watched by the Federal Reserve was unchanged last month in the latest sign that many Americans are still struggling with higher costs