Fed Chair Warsh Leans Hawkish In Jackson Hole Speech — Markets Approve

Federal Reserve Chairman Kevin Warsh said he’s focused on inflation and the 2% target amid strong economic signals. The S&P 500 rose modestly changed and the 10-year Treasury yield was steady after release of the transcript at 10 a.m. ET. Recent developments since the July 29 Fed meeting raised the stakes for Warsh’s talk. Treasury Secretary Scott Bessent announced at…