Warsh Says Inflation Isn’t Slowing, Policymakers Will Bring it Down

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Federal Reserve Chairman Kevin Warsh warned inflation isn’t meaningfully slowing and said policymakers must be confident that it is, otherwise the central bank has “work to do.” He said interest rates are the Fed’s “predominant tool” for achieving its mandate, but stopped short of signaling he would support an interest-rate hike when Fed officials gather in September. Bloomberg Businessweek Daily has the details on Warsh's first major address at Jackson Hole since becoming Fed Chair 3 months ago. On today's episode: Mike McKee, Bloomberg News' Economics & Policy Correspondent Linda Hasenfratz, Linamar Executive Chair Michelle Jamrisko, Bloomberg News White House & National Security Editor Jessica Nix, Bloomberg News Health Reporter See omnystudio.com/listener for privacy information.