From Jackson Hole, Wyoming: Federal Reserve Chair Kevin Warsh has suggested that interest rates may need to be raised in the coming months to bring down inflation. He stated that inflation is still too high, despite recent data showing a slight cooldown. Warsh emphasized the need to be confident that underlying inflation is moving towards the Fed's objective at a sufficient speed.

Further details about Warsh's economic outlook are available from his speech at the Fed's annual conference.

The Fed chair's comments come as he faces high stakes in his new role, having replaced Jerome Powell on May 22.