Chairman Kevin Warsh delivered In Our Time on August 28, 2026 at Jackson Hole. The symposium title is Financial Innovation: Implications for Payments and Policy. The Federal Reserve speech page is the primary (https://www.federalreserve.gov/newsevents/speech/warsh20260828a.htm). Last Update August 28, 2026. This house item is the dated print — not the Friday 10:00 a.m. calendar teaser, and not leftover Schwab SOL/AVAX/LINK from August 27.

The number that leads: 12-month PCE is 3.7 percent. The 6-month PCE run is 4.1 percent. Both sit above the 2 percent target. Prices remain the Fed's predominant focus right now. 54 percent of the PCE basket showed price increases above 3 percent over 12 months; 49 percent on a 6-month annualized basis. That is the breadth print, not a single headline and not a leftover session rewrite.

The labor line on the same page: the jobless rate is 4.1 percent, consistent with full employment. Financial conditions are hard pressed to describe as restrictive. Forward guidance has overstayed its welcome. The close is a discipline, not a decision. Those four lines are house facts from the remarks. They are not a rate call and not a tape shock.

Official 10-year Treasury is still 4.66 percent as of Wed 26 (Treasury par). This desk does not invent a Friday yield. The 100th day as Chairman is color only. It does not lead this card. Money matters. Footnote 13 on the remarks is his crypto and dollar essay — a house fact from the page, not a press quote.

What this print is not: a leftover Schwab coming-months issuer card (SOL, AVAX, LINK; bitcoin and ethereum already; not live today). That August 27 pressroom item ranks below a sourced Jackson Hole speech. It is also not a leftover equity recap, not a dollar-index reprint, and not a session rewrite of the same three DeFi names. Friday still has no new IBIT print on this desk. Post-speech bitcoin tape is not a shock and is not this card.

Venue is KC Fed Jackson Hole. Speaker is Chairman Kevin Warsh. As-of Fri 28 Aug 2026.