Although Kevin Wash is still giving his presentation, it is said that the main points of the 16-page speech released in advance include the following.
O Wash said that if policymakers are not confident that the core inflation rate will return to the 2% target, "there will be more work to do" for the US central bank.
O Wash acknowledged that current financial conditions do not appear restrictive and came closest to acknowledging that interest rate hikes may be necessary to ease price pressures.
O Wash said recommendations from the five task forces (TFs) he launched to study long-term issues will be "forthcoming and will have no impact on current policy decisions."
While the final presentation needs to be heard for accuracy, it seems that the focus is on interest rate hikes based on the current content.
Looking forward to summaries from other senior analysts.
▶ Original source: https://www.reuters.com/world/live-fed-chair-warsh-delivers-debut-jackson-hole-speech-inflation-fears-rise-2026-08-28/
