Warsh Goes to Wyoming. Will He Bring an Inflation Plan?
Traders want clues on higher rates and whether Warsh will defend the Fed’s independence as inflation stays above the 2% target.
- Federal Reserve Chairman Kevin Warsh will deliver a keynote address this Friday at the Kansas City Fed's annual research symposium in Jackson Hole, Wyoming, marking his debut at the high-profile conference.
- With U.S. inflation above the 2% target for more than five years, markets expect the Federal Open Market Committee to hike rates to restore central bank credibility. Bond yields have recently surged, intensifying pressure for action.
- Former Fed Chair Ben Bernanke's "global savings glut" has evolved into a "global savings squeeze" amid rising government debt and competition from artificial intelligence investment. Treasury Secretary Scott Bessent's market interventions complicate the Fed's policy calculus.
- Democrats on the Senate Banking Committee asked Warsh to detail his communications with President Donald Trump following reports of regular calls between them. This scrutiny emerges as Warsh navigates upcoming midterm elections and volatile bond markets.
- The speech "is a perfect opportunity to clarify his thinking," said Maurice Obstfeld, a former International Monetary Fund chief economist. Observers await whether Warsh will address immediate economic pressures or prioritize long-term policy principles.
15 Articles
15 Articles
Warsh Goes to Wyoming. Will He Bring an Inflation Plan?
For Kevin Warsh, this week brings high stakes in the Grand Tetons, where the world’s business leaders will travel to look for clues about Federal Reserve economic policy. The Fed chairman is slated to give his inaugural address to the Jackson Hole Economic Policy Symposium, where central bankers, Wall Street power brokers and government officials are hosted annually by the Kansas City Fed. Quiet, Please Since the 2008 financial crisis, central b…
Bond market anxiety raises stakes for Warsh’s debut Jackson Hole speech - Regional Media News
By Howard Schneider WASHINGTON, Aug 24 (Reuters) - U.S. Federal Reserve Chairman Kevin Warsh's debut speech at the annual Jackson Hole conference this week, self-advertised as a choice between discussing near-term policy or broader principles, has taken on added weight as traders and analysts look for guidance about the recent jump in bond yields and for reassurance of his independence from the Trump administration. Warsh has said he wants to wa…
At around 10:15 a.m. in Paris, the CAC 40 star index lost 0.07% at 8.478.42 points. On Friday, the CAC 40 had won 0.37%, at 8.484.43 points. The mood is at the bewitching "before the publication of the very expected results" of the Nvidia Mastodont Wednesday, "and the annual meeting of the Federal Reserve (Fed) in Jackson Hole", comments Patrick Munnelly of Tickmill Group. The Central Bankers' meeting in Jackson Hole in the United States should …
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