08/31/2026
In his remarks at the central bank’s annual symposium in Jackson Hole, Wyoming, Warsh said, “While this summer’s PCE and CPI readings were better than expected, they do not tell me that underlying trends have meaningfully improved.”
He also said, “We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do. That’s our job ... our mandate ... and our charge to keep.”
Fed Chair Kevin Warsh also warned that "inflation is running above our 2% target" and that "the Fed's predominant focus right now should be on prices"
Warsh did not explicitly say whether the Fed should raise its benchmark interest rate to force inflation down to its 2% annual target after more than 5 years of above-target price increases.
Stream the full market update here: https://www.thelifegroup.org/jackson-hole-symposium-venezuela-oil-deal/