According to CoinMeta, Federal Reserve Chairman Kevin Warsh warned of stubborn inflation in his speech at Jackson Hole, suggesting that interest rate hikes might be possible. In his speech, he responded to criticisms from his July press conference, stating that the issue of inflation needed to become a major focus for the Federal Reserve, and pointed out that financial conditions were not generally restrictive. He reiterated his commitment to maintaining an inflation target of 2%, and said that concerns about current price increases still exist. Warsh also mentioned that short-term interest rates are the main tool for achieving the dual mandate, and stated that the Federal Reserve is closely monitoring the development of artificial intelligence, but is not yet prepared to take action regarding it.