US Federal Reserve Chair Kevin Warsh emphasized the central bank's commitment to tackling inflation, with rate hikes possibly on the horizon, in his first major speech in the role.[632671][623338] The Fed's job is to deliver stable prices, but Warsh did not indicate where the Fed will take interest rates in the coming months.[623338] Despite US inflation remaining stubbornly above the central bank's 2% target amid the war in Iran, Warsh's speech was taken by markets as a signal that rates may rise in the coming months.[632671] Warsh's comments may put him at odds with Donald Trump, who has aggressively called for rates to be cut.[623338] The US Federal Reserve is not done fighting high inflation, Warsh said in his speech.[623338]