Fed Chair Kevin Warsh reaffirms 2% inflation target as non-negotiable
Fed Chair Kevin Warsh has reportedly told Wall Street that the 2% inflation target is non-negotiable with no exceptions or flexibility, while PCE inflation remains at 3.7% annually. Warsh is scheduled to deliver his first Jackson Hole speech on Friday, August 28.
Detected & updated continuously · Source: Nebula
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@Coinvo
WARNING: 🇺🇸 Fed Chair Kevin Warsh has told Wall Street the 2% inflation target is non-negotiable; No exceptions, no flexibility. Under Jerome Powell, the Fed let inflation go crazy without hiking rates. PCE inflation is still at 3.7% annually, and 3 Fed officials already voted https://t.co/SXY3WUIMMb
@NeelMacro
What is Jackson Hole, and why do S&P 500 and crypto care? Jackson Hole is the Fed’s biggest annual policy gathering. The key moment is Friday, August 28, when Fed Chair Kevin Warsh delivers his first Jackson Hole speech. Why it matters? Markets do not wait for the next FOMC. https://t.co/SYi599PeX0
@WhaleInsider
JUST IN: 🇺🇸 PCE inflation takes centre stage. Fed’s preferred gauge due 8:30 a.m. ET. Headline PCE expected to ease to 3.6%; core seen steady at 3.3%. Data could shape rate expectations ahead of Chair Warsh’s Jackson Hole speech Friday. https://t.co/k9E6wvnFO2