The Fed INTERRUPTS Trump Briefing… Kevin Warsh ANNOUNCEMENT at Jackson Hole Just Changed Everything!

The Federal Reserve may be about to make one of the biggest moves in years. And no, I'm not just talking about another interest rate hike that sends Wall Street running around like someone pulled a fire alarm at Goldman Sachs. Kevin Warsh just went to Jackson Hole and quietly suggested something much bigger. Here's the twist, guys. Everybody is obsessing over whether the Fed raises rates at its September meeting. Meanwhile, Kevin Warsh basically told Wall Street, guys, we may stop giving you the answers before the test. Oh, the humanity! You mean professional investors might actually have to analyze the economy? Somebody please alert Congress. This is a 5-alarm fire. The CME FedWatch tool showed traders dramatically repricing the possibility of higher interest rates. Treasury Secretary Scott Bissett and the U.S. Treasury are managing America's gigantic financing machine. President Donald Trump and his administration want a strong economy. And, of course, the Federal Reserve is trying to control inflation without accidentally drop-kicking stocks, bonds, housing, crypto, and Uncle Sam's interest bill through the ceiling. So, here's what almost everybody is missing. Rate hike or no rate hike. This could actually create some incredible opportunities for your money. Kevin Warsh actually told us what signals to watch. I'm going to show you in this video. Of course, be sure to subscribe so that you don't miss what happens next. And, of course, if you enjoy the show, whack that like button on your way out. In fact, it costs considerably less than a Treasury bond. And, of course, if you need free Medicare health through Chapter, I left their link and phone number down below in the description of this video. Phone number again is 909-563-8279. Give them a call right now. The average senior is saving about $1100 a year. Everybody's asking the same question right now. Is the Fed going to raise interest rates? Right? Simple question. Simple answer. Right? Wrong. Because Kevin Warsh didn't stand up a Jackson Hole to answer a yes or no question. In fact, Kevin Warsh stood up and quietly rewired the whole game. Now, here's a twist nobody's talking about. This might not be about one rate hike at all. In fact, this could be about the Federal Reserve changing how it talks to markets, period. Forever. Because Kevin Warsh basically said, that thing we've been doing since the financial crisis, where we hint and wink and drop clues, yeah, we're done. No more cheat sheet. No more hints. Just silence and vibes. I believe the practice has outstayed its welcome. In normal times, the role of forward guidance should be limited and circumscribed. Otherwise, it risks creating ambiguity in the name of clarity. Oversharing policy deliberations and over committing to future decisions can lead markets, businesses, and households astray. I believe when policy makers make quasi-commitments on interest rates throughout the cycle, we inhibit our own freedom to make the right calls. So, before you get locked into up or down, understand this. September 16th might not just move interest rates. It might move the entire rulebook. This is not a rate hike story, guys. This is a turning point story. In fact, this is exactly why I created the Ron Yates Report. Because if the Federal Reserve really is changing the way it communicates, waiting for someone on TV to tell you what happened after Wall Street has already reacted really isn't much of an advantage. In fact, I want you to know what changed before the headline, why it matters, and what signals I'm watching next because those signals can eventually show up in your savings, your 401k, your mortgage, your investments, and even the opportunities that you have sitting in cash. So, this is what I break down in the Ron Yates Report. Now, if you want that informational advantage, I'll send you the Ron Yates Report directly to you. There's a link in the description down below where you can join. Now, I want to talk about forward guidance. Fancy words, simple idea, guys. For years, the Fed basically handed Wall Street the answer key before the test. Speeches, hints, verbal bread crumbs. Traders would essentially sit there decoding every syllable like it was a treasure map. He said modest. He said modest. Y'all heard him, right? Sell everything. Sell, sell, sell. Like Kramer goes crazy and hitting that button. Kevin Warsh, he looked at this whole circus and he said, nah, he called it a hall of mirrors. The Fed watches the markets. The markets watch the Fed. Everybody's staring at everybody else's reflection and nobody's actually looking at the real economy. Real wild concept. I know, right? The Fed plays an essential role in the economy. Our tools are powerful. We determine the path of short-term interest rates. And market participants will always try to anticipate what we will do next. But we should not indulge a regime in which market participants are looking primarily to the Fed for their next trade. The economic literature has long described the distorting effects, what it called the hall of mirrors problem. If markets rely materially on the Fed's guidance and the Fed relies on market prices, we're more likely to be blinded to new developments, more likely to be caught unprepared, and more likely to commit errors in policymaking. So, here's a twist, guys. Wall Street, you know, the same Wall Street that pays people 7 figures just to have market instincts, they may have to develop actual market instincts again. Yeah, no more whispered answers, just raw data and cold nerves. Somewhere, a hedge fund intern is having a panic attack right now. So, if the Fed's going quiet, where do you look now? Good news, guys. Kevin Warsh actually handed us the map. Treasury prices, trading volumes, the dollar, credit costs, commodities, jobs, inflation. Basically, he said, stop staring at my mouth. Start staring at the data. Revolutionary concept, I know. A government official suggesting we use facts instead of vibes. Yeah, somebody framed that, put it in a museum. Here's the real headline, guys. The clues didn't disappear, they just moved. And the people who figured that out first, they're not gambling. They're reading the room while everyone else is still waiting for Kevin Warsh to blink twice for buy and three times for sell. Stop waiting for a prediction. Start watching the Treasury, dollar, credit, jobs, inflation. That's the new scoreboard. Or, of course, just read the Ron Yates report. By the way, guys, send this video to somebody who's still trying to figure out where this economy is headed. There's a massive difference between guessing what the Fed does next and actually knowing what to watch before they do it. Now, here's where this gets spicy. Kevin Warsh says he wants clean market signals, unfiltered real. But who's out there in the Treasury market buying, selling, managing literally every day? Treasury Secretary Scott Besant. Yes. So, you got Kevin Warsh saying, I need pure, untouched signals from the bond market. Meanwhile, the U.S. Treasury is actively, legally, routinely operating in that exact market of financing. It's like asking someone to read your poker face while you're both playing at the same table. Yeah. Awkward. So, now, everybody's declaring a feud here. This isn't a soap opera, but it does explain something huge. Why the bond market suddenly matters to you. Because the Treasury's financing needs and the Fed's need for honest signals, they're about to bump into each other, right in front of the To get policy right, we also need to get the relationship right between the central bank and financial markets. The markets, excuse me, the Fed needs clear market signals as unfiltered as possible. For market internals, from the level and change in asset prices across sectors, the prices and trading volumes of Treasury securities, foreign exchange value of the dollar, cost and availability of credit, a broad set of commodity prices. These and other indicators should inform the Fed's near-term outlook on economic activity and inflation throughout the business cycle. They should also reveal the state of broader financial conditions and the risks and uncertainties of the financial cycle. At the same time, market participants should be tracking real information about the real economy. They should draw their own conclusions, form their own expectations on things like output, employment, and inflation, and they, too, should stay sharply attuned to risks. I want to talk numbers, real ones. No spin. Before Kevin Walsh opened his mouth at Jackson Hole, the CME FedWatch tool, basically Wall Street's own betting odds, they had the chance of a September rate hike sitting around 40%. Coin flip, nothing crazy. But then, Kevin Walsh talks for 20-something minutes and the odds shoot up to 56.9% overnight. Here's the part that should really make you raise an eyebrow. He never said we're hiking, not once. No announcement, no press release, no smoking gun. So, either Wall Street brilliantly decoded a hidden signal I didn't even catch, or a bunch of very expensive suits collectively panicked over a guy talking about discipline and market signals for half an hour. Money's already moving, positions are already shifting, based on a vibe. This is not a rate hike story, guys. This is a Wall Street may have jumped the gun story and you're watching it happen in real time. Here's why the Fed can't just throw a parade and call it done. Kevin Walsh admits it straight. Inflation's come down a lot from the highs. Good news, right? Sure, of course it is. And this is the part that really trips people up. Inflation coming down does not mean prices are coming down. In fact, inflation dropping from 8% to 3% doesn't mean your grocery bill goes backwards. It means it's just climbing slower. It's still climbing. They all tell a similar story. Inflation is running above our 2% target. So, the Fed's predominant focus right now should be on prices. So, what's our job? The job for policymakers is to capture underlying trend inflation. Easier said than done. We want to gauge whether underlying inflation is rising, falling, or seems to be stuck in place. We also want to understand not just the direction of travel, but the speed. Each of these broad inflation measures have fallen significantly from their highs of a few years ago. But progress over the last couple of years has been more modest. And while this summer's PC and CPI readings were better than expected, they do not tell me that underlying trends have meaningfully improved. The date also shows moderate wage growth. But in my view, in tracking underlying inflation, wage growth has not proven a reliable indicator of future inflation for a very long time. So, this is the clip that really made half of Wall Street spill their oat milk lattes. Kevin Warsh started talking about inflation expectations getting unanchored. I know, it's a very scary word. Sounds like a ship drifting into a storm. Very dramatic. Very Titanic-ish. Except, here's the part everybody seemingly conveniently skipped. He also said expectations are currently well-anchored. Right now, today, anchored. Now, he wasn't announcing a crisis. He was describing a hypothetical. Kind of like saying, if my smoke detector ever beeps, I'll change the battery. This is not the same as your house being on fire. But, of course, headlines don't sell on nuance. Headlines sell on panic. So, a calm, conditional, here's-what-we-would-watch-for sentence basically turned into a five-alarm market freakout. 90 seconds of vibes moved actual money. Now, we're not here to scare you with maybes. We're here to tell you what he actually said. That way, you're not the last guy trying to figure out that it wasn't the emergency everyone screamed it was. Now, here's the trap, and it's a real one. 1. Raise rates. Borrowing gets more expensive. Mortgages, car loans, credit cards, all of it inches up. 2. Don't raise rates. Inflation keeps quietly nibbling away at your paycheck like a raccoon in your pantry at 2 a.m. 3. Pick your poison. But, of course, there's a third character sitting at this table nobody wants to talk about. The federal government itself. That's right, guys, because Uncle Sam is out here carrying a big ol' honkin' mountain of debt. And every time rates go up, the interest payments on that debt go up, too. Suddenly, the government's paying more just to keep the lights on. So, he's not standing at a podium with a big green button and a big red button trying to choose which button to smash. If only Washington were that simple. He's juggling inflation, borrowing costs, and the government's own bill, all at once, live on stage. Anchored. But they must be closely minded. And it's the Fed's job to make sure that inflation expectations do not get unanchored. Now, there is one signal nobody can miss. The responsibility for 65 months of sustained elevated inflation sits squarely with the central bank. And that's where it belongs. So, here is my standard. We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do. That's our job, that's our mandate, and that's our charge to keep. So, let's go ahead and address the elephant in the room. Actually, let's address the whole freaking zoo. We got the 2026 midterms coming up, we've got President Donald J. Trump, who, like every president in history, wants a strong economy, good jobs, and affordable prices. I know, it's a shocking revelation. Every president wants that, including Donald Trump. Water is also wet. I just discovered that recently. No, I'm just kidding. And we've also got the Federal Reserve, which is supposed to make decisions based on data, not on who's yelling loudest on cable news that week. So, here's the honest question, not the conspiracy theory version, the real one. Can the Fed make a tough call this close to an election and have anybody actually believe it was about the economy? This is not an accusation, guys. This is just how elections work. Everybody gets suspicious of everybody in September of a big voting year. Now, look, we're not going to sit here and tell you that President Trump is secretly calling Kevin Warsh with instructions. We don't know that. Nobody knows that. What we do know, the pressure is real, the timing is awkward, and the whole country is watching to see if the Fed can thread that needle. Deep breath, guys, because everybody treats rates going up like a meteor is about to hit the mall. Let's flip the script for a second. Higher rates hurt borrowers. Fine, that's true. But what about the person sitting on cash? Savings accounts start actually paying you something instead of this sarcastic 0.001% interest rate. You might as well just give nothing, right? Treasury securities, boring old government bonds suddenly look a lot more interesting. Money market funds start earning real money again. Of course, if stocks or other assets take a dip because of higher interest rates, for anybody who's sitting on cash with a long time horizon, that's not a crash. That's a sale rack. Wall Street throws a tantrum every time prices go on sale. Meanwhile, smart, patient investors are quietly filling up their cart. I know what I'm doing. I don't know what you're doing, but I know what I'm doing. And I'm putting what I'm doing in the Ron Yates report, by the way. Volatility and disaster are not the same word. No matter how many red arrows are on your screen, your cash position, your debt, your time horizon, this is what actually decides whether this is scary or it's a golden opportunity. Now, look, I want to make this personal, guys, because the Fed isn't just some far-off mystery. It's your wallet. The saver, higher interest rates could finally reward you for not blowing your paycheck at the drive-thru. The new homebuyer? Well, yeah, borrowing costs do get a little more pricier. I'm not going to sugarcoat that at all, guys. Now, are you already locked into a fixed-rate mortgage? Well, relax. This barely even touches you, so go ahead and make some popcorn and enjoy the show. Treasury investor? Boring bonds just got a whole lot more exciting. Who knew? Stock investor? Could get bumpy, but bumpy sometimes means on sale, not on fire. Are you a crypto holder? Rate expectations move the market fast, so buckle up, guys. Gold bugs? Watch the dollar. Real rates? This is your scoreboard. Are you a taxpayer? Even Uncle Sam feels this one since Washington's own interest bill goes up, too. So, no, there's no single answer of rates up equals bad. Same Fed meeting, 12 totally different stories, depending upon where you happen to be standing when the music stops. Did you see what I did there? So, anyway, Kevin Walsh himself said it best, this is a discipline, not a decision. Let's go ahead and take his advice. Let's not pretend like we own some crystal ball either. If rates rise, watch your borrowing costs, but also watch your savings finally earn something. If rates hold, watch inflation because it doesn't necessarily take a vacation just because the Fed did. If Wall Street overreacted, that CME number could snap right back in fast. Gotta remember, the bear markets are much shorter than the bull markets. In fact, the real advantage was never guessing correctly one time. It's noticing the signals faster than everybody else has scrolling past this video. And this is exactly why the Ron Yates report exists. Because of course, there's what happened, and then there's what happens because it happened. And this is the part everybody misses. This is the part we track every single week, what it means, why it matters, and what I'm watching next. Straight to your inbox, no fluff. Now, guys, this is where we are right now. This wasn't some doom story. This was a turning point. Turning points always come with a door-marked opportunity, even when everyone else is staring at the door that's marked panic. Kevin Walsh didn't hand Wall Street a script this time. He handed them a mirror and told them to start reading it themselves. Now, before you go, guys, I want you to think of one person in your life that's trying to figure out what to do with their money right now. Send them this video, not to scare them. Send them this video so that they know that the smart move isn't guessing what happens next, it's watching for it before it does. If today's video connected some dots for you, hit that like button on the way out, it's totally free and helps a lot more people find this video. And remember, the opportunity here isn't knowing whether Kevin Walsh raises interest rates 5 minutes before everyone else, it's understanding what happens because of whatever the Federal Reserve decides. If rates rise, where does money move? If they don't, what did Wall Street get wrong? What happens to Treasury, stocks, gold, Bitcoin, savings rates, Ethereum, borrowing costs, and most importantly, what am I watching that could tell us where this goes next? This is exactly what the Ron Yates Report is built for. Because there's what happened, then there's what happens because it happened. Of course, the headlines are going to give you the first part. I want to give you the second part. So, if you want to know what happened, why it matters for your money, and what I'm watching next, join the Ron Yates Report.