JACKSON HOLE, Wyo. — Federal Reserve Chair Kevin Warsh said he was “impressed” with the economy’s overall strength but is concerned by signs that “underlying trends” in inflation have not improved.
Making his first appearance here as Fed chair, Warsh stopped well short of clearly signaling an interest-rate increase at the Fed’s next meeting. He also defended his controversial decision to provide only limited public comments about Fed thinking, which critics say has left markets confused about the central bank’s intentions.
