Live cut to Jackson Hole as Fed Chair Kevin Warsh delivers his first major Jackson Hole speech. Markets are watching for any signal on sticky inflation (still well above 2%) and whether short-term rates stay put, rise, or stay “accommodative.” Wall Street’s leverage, the 10- and 30-year Treasury, mortgages, credit cards, student loans, and the rollover of national debt all hang on that cost of money.
A new poll has Gov. Greg Abbott widening to 49–42 over Democrat Gina Hinojosa after his pause on data-center approvals. In the Senate race, Ken Paxton trails James Talarico by six points in the same cycle of polling. President Trump headlined a major Houston fundraiser for Paxton last night.
Trump is at Johnson Space Center today for the Artemis II Congressional Space Medal of Honor ceremony and a noon-hour address. War Room will pick up the Fed speech and parts of the Houston event through breaks.
Will Warsh treat inflation as the problem—or talk around it? Drop your take in the comments.
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