Federal Reserve Chair Kevin Warsh has suggested that interest rates may need to be raised in the coming months to combat high inflation. He made this statement in a high-profile speech, noting that while recent data shows a slight cooling of inflation, underlying trends have not improved significantly. Warsh emphasized the need to be confident that inflation is moving towards the desired objective at a sufficient speed.

Further details about Warsh's economic outlook are available from the source. His speech is seen as a clearer signal than his previous statements about the potential for rate hikes.

The Fed chair's comments come as he faces questions about his focus on fighting inflation, having replaced his predecessor on May 22.