Kevin Warsh delivered his first keynote address as Federal Reserve chair at the 49th Jackson Hole Economic Policy Symposium. The gathering takes place amid 65 consecutive months of inflation exceeding the Fed’s 2% target, with July’s PCE index at 3.7%. This year’s theme focuses on financial innovation and digital payments, signaling an evolving Fed posture toward cryptocurrencies and payment technologies. Approximately 120 central bankers and academics from over 70 countries are attending the event hosted by the Kansas City Fed.
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