Federal Reserve Chair Kevin Warsh has suggested that interest rates may need to be raised in the coming months. This is due to inflation still being too high, despite recent data showing a slight cool down. Warsh stated that the underlying trends have not improved enough.

He emphasized the need to be confident that inflation is moving towards the desired objective at a sufficient speed. If not, Warsh indicated that more work is needed to bring it down.

Further details about Warsh's economic outlook are available from the source, including his recent speech at the Fed's annual conference.