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Warsh’s hawkish Jackson Hole comments… why the AI trade may take it in stride… a new flareup in the Middle East… the Canada trade-war headlines to look past… and the plays underneath them
Two weeks ago, we told you not to expect Fed Chair Kevin Warsh to tip his hand on rates when speaking at the Jackson Hole Symposium. Expect “a whole lot of nothing” on policy. But we told you to watch one thing closely – his tone on inflation.
Would he call the trend “favorable,” or reach for words like “vigilant” and “unfinished” that echo the hawks?
We got our answer last Friday – and it wasn’t subtle.
