Fed Chair Kevin Warsh’s keynote address at Jackson Hole:
• Inflation is still elevated, and the Fed’s primary focus must remain on price stability
• The 2% PCE inflation target is “firm and fixed”
• Recent summer data shows some improvement, but underlying trends haven’t shifted significantly
• There’s still work ahead—unless inflation returns to target clearly and at a sufficient pace
• Labor markets remain solid and aligned with full employment
• Overall financial conditions remain accommodative, not restrictive
• In July, a “good majority” of officials supported holding rates steady pending further data
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5August 28, 2026 14.6K 1
