Warsh Era Begins at Jackson Hole Amid High Bond Yields, Inflation

The first Jackson Hole symposium under new Fed Chair Kevin Warsh is taking place in August 2026, and observers worldwide are eager to see how he will distinguish himself from the Powell era. This year's event comes at a critical time for monetary policy, with high bond yields, above-target inflation, and the still-unrealized impact of AI on the broader economy.

Jeffrey Schmid, president and CEO of the Kansas City Fed, spoke about what to expect from Warsh's Friday speech. He also shared his thoughts on the baby boomer retirements affecting the labor force and explained why this symposium is focused on payments.