[Warsh's Jackson Hole speech](https://www.cnbc.com/2026/08/27/fed-chairman-kevin-warsh-delivers-his-key-jackson-hole-speech-friday.html) is being framed as a policy-setting moment, but prediction markets are already pricing it as a non-event—(https://www.cnbc.com/2026/08/27/what-warsh-will-say-and-how-the-market-will-react-according-to-prediction-markets.html) he mentions 'rate cut' or signals dovishness.

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