Key Points Fed Chair Kevin Warsh has repeatedly signaled that more action to control inflation is likely. Rate hikes will have the effect of making money market funds yield slightly more. But, they still won't be a good place to store your capital to protect it from inflation. 10 stocks we like better than S&P 500 Index › The new Federal Reserve Chair Kevin Warsh gave investors a stern warning on Aug. 28 at a symposium in Jackson Hole, stating that "price stability is not self-executing, nor is inflation necessarily mean-reverting." In doing so, he dumped a bucket of cold water onto the market, dispelling some illusions about the Fed's commitment to controlling inflation by increasing the federal funds rate.
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