Warsh's Jackson Hole Warning: Will India's Valuation Premium Survive?

Kevin Warsh's first Jackson Hole speech as Federal Reserve Chair has put investors on notice about the valuation premium they're willing to pay for growth. When the global cost of capital stays high, how much are investors willing to pay for growth?

The speech highlighted a familiar question for global investors: how much should they pay for growth when inflation still matters more than markets may want? The answer could have significant implications for India's valuation premium.

Warsh's comments came during his first Jackson Hole speech as Fed Chair, where he emphasized the importance of addressing inflation. He noted that the global cost of capital remains high, and investors need to consider this when evaluating growth prospects.