Warsh Signals a Back-to-Basics Fed, Centering Price Stability for All Goals
Frenkel praises Kevin Warsh’s Jackson Hole speech as a back-to-basics pivot for the Fed, emphasizing price stability as the central condition for achieving its full set of goals; the piece frames Warsh’s remarks as a move to restore clear policy communication (Fedspeak) after prior criticism, with Frenkel offering a positive assessment of Warsh’s performance.