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Fed's Kevin Warsh warns inflation is too high, sparking bets rate hikes are coming

Fed Chairman Kevin Warsh faces pressure to show his hand Federal Reserve Chairman Kevin Warsh is set to deliver his biggest speech yet on Friday, but investors may not hear what they want.

The stakes as high as Kevin Warsh is set to give his first major speech as Fed Chair

Consumers pulled back on spending in July in the face of continuing price pressures US consumers reined in their spending in July as inflation remained stubbornly high, new Commerce Department data showed Wednesday.