미 연준의장 “물가지표 여전히 우려”…추가 긴축 시사에 뉴욕 증시 하락

Federal Reserve Chair Kevin Warsh expressed concern over recent U.S. inflation rates during his speech at the Jackson Hole Economic Symposium in Wyoming on August 28th. He indicated that the central bank may take "additional tightening" measures if necessary. Warsh assured that the overall tone of U.S. inflation rates is moving toward the target, but emphasized the need for further action if this trend does not continue at a sufficient pace.

The Jackson Hole meeting, held annually in late August, brings together heads of central banks to discuss monetary policy and economic policies. At his inaugural meeting following his appointment last May, Warsh diagnosed a "concerning situation" regarding inflation indicators. The personal consumption expenditures price index (PCE) rose by 3.8% year-over-year in July, while the consumer price index (CPI) increased by 3.2%.

Warsh noted that both of these key inflation gauges are above the central bank's 2% target. He stated that the central bank bears full responsibility for the prolonged high inflation, which it must address. However, he cautioned that it is difficult to characterize the overall financial conditions as contractionary, aside from the inflation concern.

Following Warsh's speech, the New York Stock Exchange fell on the following trading day due to the signal of potential further tightening. The Dow Jones Industrial Average fell 9.45 points (0.02%) to 53,559.99, the Standard & Poor's 500 index declined 19.28 points (0.25%) to 7,711.76, and the Nasdaq composite index dropped 138.93 points (0.52%) to 26,402.42.