{
  "id": 3988158,
  "title": "Fed's Warsh: 'We have work to do' on inflation",
  "url": "https://urgent.news/2026/08/28/feds-warsh-we-have-work-to-do-on-inflation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T15:55:06.000Z",
  "source": {
    "name": "ABC News (US)",
    "slug": "abc-news-us",
    "url": "https://abcnews.com/Politics/feds-warsh-work-inflation/story?id=136031598"
  },
  "original_language": "en",
  "account": "Federal Reserve Chairman Kevin Warsh emphasized the ongoing challenge of high inflation during his speech at the Fed's annual conference in Jackson Hole, Wyoming. Warsh acknowledged that the central bank must be confident that underlying inflation is moving towards its target at a sufficient speed, stating, \"Otherwise, we have work to do.\" The remarks signaled Warsh's commitment to combating inflation, even though he refrained from explicitly calling for an interest rate hike. Inflation dipped slightly in July but has surged recently due to increased oil prices from the Middle East crisis. Overall, prices have been climbing above the Fed's 2% target for over five years, which Warsh attributed to the central bank's responsibility. The Fed's primary focus should be on prices, Warsh stated, cautioning that forward guidance should be limited and has become outdated. President Donald Trump had previously urged the Fed to lower interest rates, and markets currently anticipate a roughly 35% chance of a rate increase by year-end, according to CME FedWatch. Warsh expressed confidence in the overall economic performance, citing robust consumer spending and a steady job market. However, he noted strains in sectors such as housing and agriculture. Warsh also highlighted the impact of artificial intelligence on the economy, emphasizing that over half of capital expenditure growth this year was attributed to AI development. He described the current moment as a \"hinge point in history.\"",
  "summary": "Warsh had strong words about his commitment to fighting inflation.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 10,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "Fed Chairman Warsh says inflation is running too high, offers first assesment of economy",
        "url": "https://urgent.news/2026/08/28/fed-chairman-warsh-says-inflation-is-running-too-high-offers-first",
        "published": "2026-08-28T14:00:31.000Z"
      },
      {
        "outlet": "Financial Times",
        "title": "Warsh says Fed will have ‘work to do’ if inflation does not fall soon",
        "url": "https://urgent.news/2026/08/28/warsh-says-fed-will-have-work-to-do-if-inflation-does-not-fall-soon",
        "published": "2026-08-28T14:00:57.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Fed's Warsh signals inflation fight isn't over",
        "url": "https://urgent.news/2026/08/28/feds-warsh-signals-inflation-fight-isnt-over",
        "published": "2026-08-28T14:33:02.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Short-dated Treasury yields jump as Warsh flags inflation concerns",
        "url": "https://urgent.news/2026/08/28/short-dated-treasury-yields-jump-as-warsh-flags-inflation-concerns",
        "published": "2026-08-28T14:49:25.000Z"
      },
      {
        "outlet": "South China Morning Post",
        "title": "Warsh says US Fed has ‘work to do’ if above-target inflation lingers",
        "url": "https://urgent.news/2026/08/28/warsh-says-us-fed-has-work-to-do-if-above-target-inflation-lingers",
        "published": "2026-08-28T15:13:26.000Z"
      },
      {
        "outlet": "The National Business",
        "title": "Fed's Warsh cautions inflation risk during Jackson Hole address",
        "url": "https://urgent.news/2026/08/28/feds-warsh-cautions-inflation-risk-during-jackson-hole-address",
        "published": "2026-08-28T15:14:02.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Fed Chair Warsh signals rate hikes may be needed as inflation stays high",
        "url": "https://urgent.news/2026/08/28/fed-chair-warsh-signals-rate-hikes-may-be-needed-as-inflation-stays",
        "published": "2026-08-28T15:27:02.000Z"
      },
      {
        "outlet": "Handelsblatt",
        "title": "Geldpolitik: „Wir müssen sicher sein, dass die Inflation sich auf unser Ziel zubewegt“ – Warsh offen für Zinsschritt",
        "url": "https://urgent.news/2026/08/28/geldpolitik-wir-mussen-sicher-sein-dass-die-inflation-sich-auf-unser",
        "published": "2026-08-28T15:31:33.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "Fed will have \"work to do\" if inflation doesn't fade, Warsh says",
        "url": "https://urgent.news/2026/08/28/fed-will-have-work-to-do-if-inflation-doesnt-fade-warsh-says",
        "published": "2026-08-28T16:08:26.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}