Fed's Kevin Warsh warns inflation is too high, sparking bets rate hikes are coming

Fed Chair Kevin Warsh reiterated his commitment to fighting inflation in a major speech — raising expectations that rate hikes may be coming, though he did not clearly spell out a path going forward.

<img src='https://npr.brightspotcdn.com/dims3/default/strip/false/crop/7249x4835+0+0/resize/7249x4835!/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F16%2F38%2F543982a349d4bb76c5c993d3a03a%2Fgettyimages-2291773172.jpg' alt='Federal Reserve chairman Kevin Warsh spoke to a gathering of economists and central bankers at the Jackson Lake Lodge in Wyoming Friday.'/><p>Fed Chair Kevin Warsh reiterated his commitment to fighting inflation in a major speech — raising expectations that rate hikes may be coming, though he did not clearly spell out a path going forward.</p><p>(Image credit: Natalie Behring)</p><img src='https://media.npr.org/include/images/tracking/npr-rss-pixel.png?story=nx-s1-5947903' />