[Warsh: The Responsibility for Persistently Elevated Inflation Over the Past 65 Months Lies Entirely with the Central Bank] Federal Reserve Chairman Warsh stated at the Jackson Hole conference that the responsibility for persistently elevated inflation over the past approximately 65 months lies entirely with the central bank. He noted that current market-based inflation expectation indicators remain 'well-anchored' and are not easily shaken, but they must be closely monitored. The Federal Reserve has the responsibility to prevent inflation expectations from becoming unanchored. He mentioned that artificial intelligence has become a new productive factor influencing the economy and monetary policy, with related capital expenditures and token sales surging. Among them, two leading AI labs have annualized token revenues exceeding $100 billion. Warsh stated that the U.S. labor market is stable, with an unemployment rate of around 4.1%, strong corporate profits, and robust capital expenditures. The financial environment cannot be described as 'tight,' but PCE inflation remains around 3.7%, significantly above the 2% target.