New Federal Reserve Chair Kevin Warsh's job description doesn't mention anything about Social Security. But that doesn't mean that his moves can't impact the program that serves over 75 million Americans. Actually, what Warsh and his fellow Federal Open Market Committee (FOMC) members do can directly affect Social Security recipients.
Last week, Warsh delivered a highly anticipated speech at the Fed's annual symposium in Jackson Hole, Wyoming. His comments raised new inflation concerns. Here's what that could mean for the 2027 Social Security cost-of-living adjustment (COLA) .
Federal Reserve Chair Kevin Warsh. Image source: Official Federal Reserve Photo.
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