SummaryIn his Jackson Hole address, Fed Chair Kevin Warsh said the U.S. central bank has “work to do” on achieving its 2% inflation mandate.Rate hike odds have risen following his hawkish remarks.Bitcoin slipped back to $78,700.Federal Reserve Chairman Kevin Warsh says the central bank’s “predominant focus” right now should be on inflation.“The responsibility for 65 months of sustained, elevated inflation sits squarely with the central bank,” said Warsh, delivering his keynote address at the Kansas City’s Fed Jackson Hole symposium.“We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do. That's our job . . . our mandate . . . and our charge to keep.”Bitcoin is headed lower on the hawkish remarks, dipping to $78,700. U.S. stocks are down modestly, and bond yields are headed slightly higher.September rate hike odds have jumped to 42% from 35% a day earlier, according to CME FedWatch.Warsh’s speech was highly anticipated, as the Jackson Hole event has often been an occasion for U.S. central bank chiefs to prep markets for key policy changes.Making his remarks today even more interesting was Treasury Secretary Scott Bessent’s promise last week to intervene in the bond market to try to cap or lower long-term interest rates. Warsh has been a proponent of letting the market dictate where rates are headed, but Bessent suggested inefficiencies in the market mechanism were forcing long-term bond yields to be higher than they otherwise might be.12345678910Anvil: The Missing Collateral LayerAnvil: The Missing Collateral LayerAnvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.Jul 29, 2026Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.Why it matters:Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.View Full Report