Business
Warsh Delivers | Markets P.M. for Aug. 28
This is an edition of the Markets P.M. newsletter, a recap of the day’s most important markets moves, delivered after the closing bell. If you’re not subscribed, sign up here.
What Happened in Markets Today
Kevin Warsh gave a hawkish address without upsetting markets. The Fed Chairman continued to make his case against explicit forward guidance in an address at the Jackson Hole summit. But he also gave his clearest comments yet on how he views the current economy, including lots of concerns about inflation. He said better inflation readings this summer hadn’t convinced him the underlying trend was improving, and that current borrowing and lending conditions don’t appear restrictive.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
You must be logged in to post a comment Login