Federal Reserve Chair Kevin Warsh said on Friday that delivering stable prices remains the central bank's job as inflation persists above its target.

Speaking at the Jackson Hole economic symposium in Wyoming, Warsh did not indicate whether interest rates would change in coming months. US inflation cooled to 3.4% in July after hitting a 3-year high of 4.2% in May, according to the Guardian, Gaya Gupta reports for Guardian business.