Warsh Takes Hawkish Tone on Inflation at Jackson Hole

Federal Reserve Chair Kevin Warsh delivered a hawkish message on inflation during remarks at the Kansas City Fed’s annual symposium in Jackson Hole on Friday morning. Warsh said, “We have work to do” on inflation, according to CoinDesk, in comments that drew close attention from financial markets. Traders quickly increased their bets on a rate hike at the Federal Reserve’s September meeting following the speech. The remarks were among the most highly anticipated events at the symposium and pointed to continued concern over inflation pressures. The source report did not provide details on the size of the expected September move or discuss specific effects on individual crypto assets, including Prom and Propy.