Michael Fox and Chris Temple break down Federal Reserve Chair Kevin Warsh’s pivotal Jackson Hole speech, where he reasserted his commitment to fighting inflation and all but guaranteed a 25 basis point rate hike at the September 16 FOMC meeting. They explore how Warsh’s hawkish pivot could trigger market volatility, push long-term yields higher, and even spark tension with the White House, while analyzing the delicate balance between cooling inflation and avoiding a recession. The duo also discusses Warsh’s focus on price stability for everyday consumers, the absence of any mention of crypto or alternative payments, and why a short-term rate increase may be necessary despite political headwinds. Tune in for their full take on what to expect from the Fed’s September decision.