**Fed Chair Kevin Warsh’s first Jackson Hole keynote on August 28 comes amid elevated inflation concerns and his push for a “regime change” in monetary policy.** Warsh has repeatedly pledged to eliminate the “inflation tax” on households and businesses, signaled openness to using both interest rates and the balance sheet, and emphasized that policy will not be “constrained by market prices.” Recent FOMC decisions to hold the federal funds rate steady (currently in the 3.50–3.75% range) and his July testimony highlighted a preference for shorter statements, reduced forward guidance, and structural focus over quarter-point signals. The symposium theme on financial innovation and payments provides a natural platform for broader remarks on productivity, AI-driven price dynamics, and long-term framework adjustments rather than near-term rate path hints. Traders are monitoring whether he reiterates hawkish resolve on persistent inflation or offers any procedural clues ahead of the September 16 FOMC meeting.