"We Have Work to Do": Fed Chair Kevin Warsh Expresses Concern Over Inflation in Closely Watched Jackson Hole Speech

Fed Chair Kevin Warsh delivered a hawkish address at Jackson Hole, expressing significant concern over persistent inflation and stating that more work remains. Warsh defended the decision to abandon forward guidance, leaving markets uncertain. This stance creates a direct contrast with Trump's desires for rate cuts, potentially straining Federal Reserve independence and impacting market stability. The speech highlights a challenging economic landscape amid ongoing geopolitical tensions and a commitment to fighting inflation despite political pressure.