The dollar rallied and gold fell, while 30-year Treasury yields were little changed, signaling confidence that the Fed will act to contain inflation and keep long-term borrowing costs in check.

Fed Chair Kevin Warsh delivers his first Jackson Hole address as 30-year yields top 5.2% and US inflation stays above target for a fifth straight

Federal Reserve Chair Kevin Warshs first Jackson Hole speech comes as markets grapple with sticky inflation, elevated oil prices and shifting rate expectations. Investors will…