According to BlockBeats, on August 28th, Omar Sharif, an analyst at inflation research firm Inflation Insights, stated, "Federal Reserve Chairman Warsh gave the market what it wanted: a more detailed explanation of his views on current economic data, especially inflation data. Of course, he didn't reveal any potential future policy actions. In that sense, it seems like a win-win situation for both Warsh and the market."

According to BlockBeats, on August 28th, Federal Reserve Chairman Kevin Warsh delivered his first Jackson Hole speech, stating that it is essential to be certain that underlying inflation is moving towards the target, otherwise there is still work to be done. It is difficult to describe financial conditions as restrictive. Inflation data does not show a significant improvement in the trend; the Fed's primary focus should be on prices. The role of forward guidance should be limited. The possibility of significantly higher economic growth is increasing. Market participants should focus on real information in the economy. Forward policy should not be based on outdated or inaccurate data.

Warsh reiterated that the Federal Reserve will bring inflation back to its 2% target. He stated that this is a clear and fixed goal. Warsh said, "My standard is that we must be confident that underlying inflation is moving toward our target, and the pace must be clear and fast enough. Otherwise, we have work to do. That's our responsibility." Warsh also stated that current financial conditions are not restrictive, and interest rates are the "primary tool" for the Fed to fulfill its mandate.

Warsh stated, "Although the PCE and CPI data released this summer were better than expected, they did not convince me that the underlying trend of inflation has shown a meaningful improvement." "Market prices reflect the market's belief that we will achieve price stability. I can assure you that the market's judgment is correct." Warsh then stated that with inflation above 2%, the Fed's "primary concern right now should be prices." He said, "Let's also be clear about another aspect of our goal: price stability will not happen automatically, and inflation will not necessarily revert to its previous state. Achieving price stability is the Fed's responsibility."