Warsh says Fed’s main focus should be on prices, as central bank’s rate policy in focus

Federal Reserve Chair Kevin Warsh on Friday delivered his first keynote at the annual monetary policy conference in Jackson Hole, Wyoming, against a backdrop of uncertainty over inflation, as well as how he will guide policymakers as they consider interest rate moves.

Warsh’s speech comes as the Federal Reserve has held interest rates steady at each of its five meetings so far this year amid persistent inflation, which moved further away from the central bank’s 2% target amid the Iran war.

The annual Jackson Hole conference, which features central bank leaders from around the world, is historically an opportunity for the Fed chair to reset…

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