Kansas City Fed President Jeffrey Schmid on the First Jackson Hole of the Warsh Era

This episode of Odd Lots comes from the Jackson Hole symposium, the first held under new Fed Chairman Kevin Warsh. The hosts speak with Kansas City Fed President Jeffrey Schmid about the gathering's significance, the economic backdrop of high bond yields and above-target inflation, and AI's uncertain impact on the labor market. Schmid also discusses how baby boomer retirements are reshaping the workforce, his own recent FOMC votes, and why this year's symposium places a special emphasis on payments.