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WARSH FACES INFLATION SHOWDOWN AS TRUMP RALLIES TEXAS | WAR ROOM AM W STEVE BANNON

Live cut to Jackson Hole as Fed Chair Kevin Warsh delivers his first major Jackson Hole speech. Markets are watching for any signal on sticky inflation (still well above 2%) and whether short-term rates stay put, rise, or stay "accommodative." Wall Street's leverage, the 10- and 30-year Treasury, mortgages, credit cards, student loans, and the rollover of national debt all hang on that cost of money.

A new poll has Gov. Greg Abbott widening to 49–42 over Democrat Gina Hinojosa after his pause on data-center approvals. In the Senate race, Ken Paxton trails James Talarico by six points in the…

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