Key Facts

• Kevin Warsh recently became chair of the US Federal Reserve and will speak at the Jackson Hole conference this week.
• Bond traders are anxious about inflation and the government’s debt, especially after President Trump’s tax and spending proposals.
• Warsh plans to focus his speech on long-term issues like productivity and demographics rather than signaling immediate interest rate changes.
• Luis Manuel Aviles Roa, father of a US sailor deployed in the Middle East, was detained by Immigration and Customs Enforcement (ICE) after a traffic stop in Florida.
• The Department of Homeland Security said Aviles Roa entered the US illegally and will stay in detention during removal proceedings.
• The sailor, Joshua Aviles, expressed distress over his father’s detention while he is serving in the military.
• President Trump and his administration have made claims casting doubt on the security of US elections, including allegations of foreign interference and fraud in the 2020 election.
• Experts say a national emergency declaration would not allow the president to control election results, and no president has ever used an emergency to do so.