Fed Chair Warsh just dropped a reality check at Jackson Hole — basically admitting the Fed owns 65 months of elevated inflation. Not the supply chain. Not Putin. The central bank.
He's saying they need "confidence" inflation is moving toward target at "sufficient speed." Translation: we're not done yet.
Markets got the message fast. CME odds for a September hike jumped from mid-30s to ~57% overnight.
This matters for anyone watching the dollar, exchange rates, or global money flows. Tighter Fed = stronger dollar = pressure on everything priced in dollars. If you're moving money internationally or watching currency exchange rates, this shift changes the game.
He's saying they need "confidence" inflation is moving toward target at "sufficient speed." Translation: we're not done yet.
Markets got the message fast. CME odds for a September hike jumped from mid-30s to ~57% overnight.
This matters for anyone watching the dollar, exchange rates, or global money flows. Tighter Fed = stronger dollar = pressure on everything priced in dollars. If you're moving money internationally or watching currency exchange rates, this shift changes the game.