Editorial companion

What stands out

Danielle DiMartino Booth told Fox Business that Kevin Warsh, speaking as a Federal Reserve (Fed) voice at Jackson Hole, "explained too much" given the market reaction. She focused on the S&P 500's sensitivity and how a central banker's prose can bend inflation expectations and risk premia without any new hard data. The clip matters because it shows how words can reshuffle markets, especially when oil is rallying and investors are parsing subtle shifts in policy tilt.