US Federal Reserve Chairman Kevin Warsh said on Friday that high inflation in the world's largest economy was "concerning," as he opened a key central bankers' meeting in Jackson Hole, Wyoming.
"On the price-stability side of our mandate, the numbers are more concerning," said Warsh, according to prepared remarks. He added that he would be "hard pressed" to describe current financial conditions as "restrictive," a potential hint that interest rate hikes could be on the horizon.
