00:00Fed Chair Kevin Walsh is sounding a cautious note on inflation,
00:04saying the recent trend in price pressures is concerning and deserves close attention.
00:09Speaking at the Fed's annual Jackson Hole gathering, Walsh emphasized that policymakers
00:14cannot assume inflation will continue moving smoothly towards the central bank's target.
00:20His comments could complicate expectations for further interest rate cuts, particularly if
00:25inflation proves more persistent than anticipated. The Fed's next move may hinge on whether those
00:31price pressures fade or regain momentum.
