Warsh Says Inflation Isn't Slowing, Venezuela Oil Deal | Bloomberg This Weekend: Aug 29, 2026

Summary

The show covers Fed Chair Kevin Warsh's hawkish Jackson Hole speech signaling possible rate hikes if inflation does not clearly slow, plus market implications for equities, bonds, oil, defense, and autos. Interviews include Schwab's Kevin Gordon and Allspring's Ann Milett on equity allocation, Bloomberg reporters on Venezuelan oil and Strait of Hormuz risks, and a car critic on the luxury hybrid boom. The program also discusses Canada-US trade tensions, Meta's child safety settlement, and Ukraine defense needs.

• Fed Chair Warsh signals the Fed may act if underlying inflation is not clearly returning to 2%.
• Analysts see a possible September rate hike, making inflation data the near-term catalyst.
• Allspring favors industrials and small/mid-cap exposure over narrow technology.
• Schwab sees a broader-market rotation and flags circular-financing risk around Nvidia.
• Bloomberg Economics sees elevated oil and refined product prices while Strait of Hormuz shipments remain impaired.
• The Venezuela oil deal is seen as negative for long-term oil investment there.
• Defense analysts highlight growing demand for cheaper counter-drone interceptors.
• Luxury hybrids are surging as affluent buyers favor performance and combustion emotion over pure EVs.