Warsh says Fed should focus on prices as U.S. inflation remains above target

NEW YORK, Aug. 28 (Xinhua) -- The U.S. Federal Reserve Chairman Kevin Warsh said Friday that the Fed's predominant focus right now should be on prices, as inflation remains above the Fed's 2-percent target.

Speaking at the annual Jackson Hole Economic Policy Symposium, Warsh said, "On the price stability side of our mandate, the numbers are more concerning." ■