By Frank Shostak, Mises Wire | September 28, 2026 At his Jackson Hole speech, on August 28, 2026, the Fed Chairman Kevin Warsh recommitted the Federal Reserve to maintaining its 2 percent inflation target, calling it a “firm, fixed target.” At present, however, price inflation, as measured by the yearly growth rate of the Consumer Price Index (CPI), stood at 3.4 percent in July, down only slightly from 3.5 percent in June. Against this backgroun…