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32:12Now PlayingFull Kevin Warsh speech in Jackson Hole focuses on cutting prices, dodges rates update
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August 28, 2026
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32:12Now PlayingWith inflation still running hot, Federal Reserve Chair Kevin Warsh said policymakers’ focus right now should be on bringing down prices during a keynote address at an annual symposium in Jackson Hole, Wyoming.
Since taking over as Fed chair in May, Warsh has remained quiet on what’s next for short-term rates. He said the federal funds rate, the Fed’s benchmark for interest rates across the country, is the predominant tool to achieve price stability and maximum employment. But those hoping for clarity on the Fed’s next rate decision didn’t get it. Instead, Warsh made a case against giving markets forward guidance.
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