Fed will have "work to do" if inflation doesn't fade, Warsh says

Fed Chair Kevin Warsh said the Fed is committed to lowering inflation — recent data show cooling but underlying trends aren’t convincingly improved, and policymakers stand ready to act if needed.
He praised the economy’s health (4.1% unemployment) but kept markets guessing on interest rates; CME’s FedWatch put a Sept. rate-hike chance around 55%.
Warsh pushed back on routine forward guidance, preferring flexibility and explaining how the Fed reacts rather than promising a fixed policy path.