US Federal Reserve Chair Kevin Warsh's Jackson Hole speech signals a historic economic shift from secular stagnation to AI-driven growth, but emphasizes inflation remains a priority concern. The Fed is reforming its forward guidance approach, positioning short-term rates as the primary tool for price stability and full employment, while cautioning that unconventional policies should be minimal in normal times. With inflation metrics persistently above the 2% target and a higher percentage of goods/services seeing 3%+ price increases than pre-pandemic levels, the Fed's near-term focus must remain on bringing core inflation back to target clearly and quickly.