New Fed Chair's First Big Speech: Borrowing Costs Likely Rising Either Way

Fed Chair Kevin Warsh gives his first major speech on August 28, 2026. Long-term US borrowing costs sit near 20-year highs; inflation remains above the Fed's 2% goal. If Warsh signals tighter policy, bond prices fall further. If he signals easier policy, expected inflation rises. Either way, loans get costlier for ordinary people.