Wallace to Speak at Jackson Hole as Fed Chair for First Time

The significance here is less the venue than the transition: a first Jackson Hole address is where a new Fed chair's reaction function gets priced in, and crypto has traded as a leveraged expression of rate expectations through recent cycles. The framing of the inflation and rate stance is what risk assets will key on, not the event itself. Whether the guidance lands as a continuation of the prior regime or a recalibration is the open question.