Kevin Warsh Walks Into a Deficit Shock at Jackson Hole

Kevin Warsh speaks at the Jackson Hole Economic Symposium with U.S. inflation above the Federal Reserve 2% target and the deficit up $3 trillion. James Stanley, StoneX Media Senior Market Analyst, walks through what the S&P 500, gold and Bitcoin have already done around Kevin Warsh's first two Federal Reserve meetings, and what the Jackson Hole speech puts in front of them. Equities, gold and Bitcoin have been rising together, which is unusual, and the common thread is a rare alignment of expansionary fiscal policy and a central bank that has not hiked rates. The U.S. deficit has grown by $3 trillion in a year, raising the stakes for bonds and Treasury yields. Bitcoin's acceleration has the character of a short squeeze rather than a fresh bid. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_james_stanley&utm_content=share 0:00 Warsh Meets a Deficit Problem 1:00 Fiscal and Monetary Align 1:48 Warsh Nominated Under Pressure 2:29 Two Schools on Jackson Hole 3:12 S&P 500 Rides the Growth Bet 6:32 Gold Tells the Cleaner Story 8:18 Bitcoin Smells Like a Squeeze 10:06 Yields Become the Real Risk Like and subscribe for more financial market insights. #StoneX #Gold #Bitcoin #JamesStanley #FederalReserve