Warsh's Jackson Hole Speech: Betting on AI to Aid Labor, Inflation Still Critical

Orphe Divounguy recaps Fed Chair Kevin Warsh's speech at Jackson Hole. He notes Warsh's comments on the labor force slowdown and AI's investment boom aiding it as a key takeaway, believing it will keep the FOMC focused on inflation. On the housing market, Orphe says Warsh is facing restraint from the bond market as "part of the calculus" to countering further weakness.