Federal Reserve Chair Kevin Warsh’s keynote at the August 27–29 Jackson Hole symposium, scheduled for August 28 at 10 a.m. ET, represents his first major policy address since taking office in May 2026. Markets are focused on whether he will elaborate on a leaner communications framework that has already shortened FOMC statements and reduced forward guidance, while addressing elevated inflation and the implications of financial innovation for payments and policy. Recent July remarks framed the speech as an opportunity to examine long-term structural issues rather than provide near-term rate signals, aligning with Warsh’s task-force approach to regime changes in data reliance and Treasury-Fed coordination. Upcoming August PCE inflation data and the September FOMC meeting will provide additional context for interpreting any shifts in monetary-policy expectations priced into Treasury yields and rate futures.