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Fed Chair Kevin Warsh Gives First Jackson Hole Keynote Friday

8/28/2026

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Summary

Story summary

Fed Chair Kevin Warsh will deliver his first Jackson Hole keynote on Friday, Aug 28.
Warsh will avoid explicit forward guidance, letting markets set prices and emphasizing the Fed’s reaction function.
Warsh was confirmed as Fed chair on May 22 by a 54-45 Senate vote, the narrowest margin ever.
Investors expect Warsh to address July PCE inflation, labor market conditions, and a long-term yield strategy.

History

Historical Context

President Jimmy Carter named Paul Volcker Fed chair in August 1979; Volcker lifted the federal funds rate to a 20 percent peak by June 1981, pulling inflation from a 14.8 percent March 1980 high to under 3 percent by 1983. That legacy informs today’s newly confirmed Fed chair Kevin Warsh, approved by a 54-45 Senate vote, who stresses market-driven pricing at Jackson Hole.

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Story summary

Fed Chair Kevin Warsh will deliver his first Jackson Hole keynote on Friday, Aug 28.
Warsh will avoid explicit forward guidance, letting markets set prices and emphasizing the Fed’s reaction function.
Warsh was confirmed as Fed chair on May 22 by a 54-45 Senate vote, the narrowest margin ever.
Investors expect Warsh to address July PCE inflation, labor market conditions, and a long-term yield strategy.

1 / 2