Fed Chair Warsh Calls Inflation "Concerning" but Won't Signal a Rate Move

In his debut Jackson Hole keynote on August 28, 2026, Fed Chair Kevin Warsh called inflation "concerning" and said the central bank has "work to do," but declined to signal any specific rate move. PCE inflation sits at 3.7 percent, far above the Fed's 2 percent target. Investor bets on a September rate hike rose after the speech, per same-day market reporting.