Kevin Warsh Just Issued A Major Inflation Warning

On today’s episode, Byron Lazine breaks down Federal Reserve Chairman Kevin Warsh’s Jackson Hole speech, where he struck a more hawkish assessment on inflation, reaffirmed the Fed’s 2% PCE target, and warned that persistent price pressures could put a rate hike on the table. He also covers the new U.S. Bureau of Economic Analysis data showing July income and spending gains while PCE inflation remained elevated at 3.7% annually and core PCE at 3.3%.