Fed Chair Warsh unveils broader jobs data framework at Jackson Hole

Fed Chair Warsh unveils broader jobs data framework at Jackson Hole

Federal Reserve Chair Kevin Warsh said the labor market would be evaluated using a broader set of indicators, emphasizing that weak payroll growth alone would not shift policy unless it is accompanied by rising unemployment and higher jobless claims, during his Jackson Hole keynote on August 21, according to Yahoo Finance. Earlier, Warsh had reaffirmed the Fed’s 2% inflation goal and warned that the 3. 7% PCE rate remained a priority (Fox Business). His speech was described as notably hawkish, pushing the probability of a September rate increase to about two-thirds (CNBC) and raising market odds to 57% (investingLive).

Prediction-market traders had previously assigned only a 16% chance he would mention the bond market and an 8% chance of a rate-cut reference (CNBC). Analysts had warned his remarks could spark a dollar and bond sell-off (CNBC). He was also set to deliver his first Jackson Hole keynote as policymakers grappled with persistent inflation (Fox Business).

Acteurs

Federal Reserve Bank of Kansas City Kevin Warsh Bank of America FX strategists Morgan Stanley economists Stifel analysts Benjamin D. Jones Invesco U.S. Treasury

Lieux

Jackson Hole, Wyoming, United States Kansas City, Missouri, United States Washington, DC, United States

Articles

3 septembre 2026
1 au total
Fed Chairman Kevin Warsh just changed the rules for trading the jobs report: One Big Investment Idea
Fed Chairman Kevin Warsh just changed the rules for trading the jobs report: One Big Investment Idea

Yahoo Finance • 03 sept. 20h26

Federal Reserve Chair Kevin Warsh said the labor market will be evaluated using a broader set of indicators, emphasizing that weak payroll growth alone may not shift policy unless accompanied by rising unemployment and higher jobless claims.

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2 septembre 2026
1 au total
Will the Fed raise rates in September?
Will the Fed raise rates in September?

investingLive • 02 sept. 12h26

Market expectations for a September Federal Reserve rate increase grew to 57% after the Jackson Hole speech, as core inflation remains above target and global risks pressure prices.

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31 août 2026
2 au total
Markets see Warsh endorsing a rate hike in September. Not everyone is convinced
Markets see Warsh endorsing a rate hike in September. Not everyone is convinced

CNBC • 31 août 19h38

Markets raised the probability of a September rate increase to about two-thirds after Fed Chair Kevin Warsh’s speech, while some officials and economists argue that inflation pressures remain limited.

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Fed's Warsh sounds more hawkish
Fed's Warsh sounds more hawkish

CNBC • 31 août 03h47

Federal Reserve Chair Kevin Warsh delivered a notably hawkish speech at the Jackson Hole symposium, prompting markets to increase the probability of a September rate hike.

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28 août 2026
5 au total
Kevin Warsh outlines hawkish PCE inflation stance at Jackson Hole
Kevin Warsh outlines hawkish PCE inflation stance at Jackson Hole

Fox Business • 28 août 19h04

Federal Reserve Chair Kevin Warsh used his Jackson Hole keynote to stress the central bank's 2% inflation target and warned that the 3.7% PCE rate remains a priority for policy.

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Fed Chair Warsh signals rate hikes may be needed with US inflation stubbornly elevated
Fed Chair Warsh signals rate hikes may be needed with US inflation stubbornly elevated

AP News • 28 août 16h07

Federal Reserve Chair Kevin Warsh said inflation is still too high and indicated that further interest-rate increases may be needed, prompting modest moves in bond markets.

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Fed Chairman Warsh expresses concern about inflation trend
Fed Chairman Warsh expresses concern about inflation trend

CNBC • 28 août 14h00

Federal Reserve Chair Kevin Warsh said inflation is still too high and indicated that higher interest rates may be needed if price pressures do not ease, while avoiding specific forward guidance.

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Fed Chairman Kevin Warsh faces pressure to show his hand
Fed Chairman Kevin Warsh faces pressure to show his hand

CNN • 28 août 08h00

Federal Reserve Chair Kevin Warsh is likely to avoid giving explicit interest-rate guidance during his keynote at the Jackson Hole symposium, raising concerns among investors about market uncertainty.

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CNBC Daily Open: Waiting for Warsh
CNBC Daily Open: Waiting for Warsh

CNBC • 28 août 06h14

Market participants are watching Federal Reserve Chairman Kevin Warsh's upcoming Jackson Hole speech, with low expectations that he will discuss bond markets or the yield curve, while stock futures remain flat.

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27 août 2026
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Fed Chairman Kevin Warsh delivers his key Jackson Hole speech Friday
Fed Chairman Kevin Warsh delivers his key Jackson Hole speech Friday

CNBC • 27 août 19h00

Federal Reserve Chair Kevin Warsh will address the annual Jackson Hole symposium on financial innovation, with analysts watching for clues on monetary policy and the Fed's new task forces.

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What Warsh will say and how the market will react, according to prediction markets
What Warsh will say and how the market will react, according to prediction markets

CNBC • 27 août 18h04

Kalshi prediction market traders assign a 16% chance that Fed Chair Kevin Warsh will mention the bond market and an 8% chance he will refer to a rate cut in his upcoming Jackson Hole speech.

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Federal Reserve's Warsh faces inflation pressure ahead of Jackson Hole
Federal Reserve's Warsh faces inflation pressure ahead of Jackson Hole

Fox Business • 27 août 10h00

Federal Reserve Chair Kevin Warsh will deliver his first Jackson Hole keynote as policymakers grapple with stubborn inflation and uncertainty over future rate guidance.

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26 août 2026
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Jackson Hole could trigger dollar, bonds sell-off, market watchers say
Jackson Hole could trigger dollar, bonds sell-off, market watchers say

CNBC • 26 août 13h00

Market strategists say Fed Chair Kevin Warsh's remarks at the Jackson Hole symposium could shape expectations for monetary policy, potentially prompting a decline in the U.S. dollar and higher long-term Treasury yields.

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