🇺🇸 Warsh kicks off speech at Jackson Hole.
➡️ The 2% PCE inflation target is solid and unchanged, according to Warsh.
➡️ Recent inflation figures show no significant progress.
➡️ It's hard to characterize current financial conditions as truly restrictive, he notes.
➡️ Inflation expectations over the medium term stay well anchored.
➡️ Market pricing reflects trust in the Fed’s ability to achieve price stability.
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