News briefs
Rate hikes signaled JACKSON HOLE, Wyoming (AP) — Federal Reserve Chair Kevin Warsh says inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he has sent before about his economic outlook. In his first high-profile speech at the Fed's annual conference at Jackson Hole, Warsh acknowledged in prepared remarks Friday that recent inflation reports show it has cooled a bit, but "they do not tell me that underlying trends have meaningfully improved." Airstrikes kill 5 in Gaza (AP) ...