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Kevin Warsh, sworn in as chair of the Federal Reserve in May 2026, delivered his first major keynote speech as chair on August 28, 2026, at the Jackson Hole Economic Policy Symposium in Wyoming. He said inflation remains the Fed's predominant focus and, in a surprisingly hawkish turn, opened the door to a possible interest rate hike rather than a cut, a message that pushed traders' odds of a September hike from 36% to 57%, lifted Treasury yields, and pulled stocks lower by Friday's close, though all three major indexes still finished the week higher.

World · Aug 30 · L1-L4