Fed’s Barr puts rate hike on the table if inflation stalls
Fed Chairman Kevin Warsh, speaking last week at the Kansas City Fed’s annual Jackson Hole symposium, put the same case plainly. “We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed,” Warsh said. “Otherwise, we have work to do.” Samantha Shelton, mortgage broker and president of Align Lending,…