Live Feeds
● LIVE Updated 52m ago · 18 sources tracked

New Fed chair faces critical test at Jackson Hole as inflation fears mount

Federal Reserve Chair Kevin Warsh indicated that current policy is not restrictive and that there is still work to do on inflation. Speaking Friday at the annual Jackson Hole retreat, Warsh provided a clearer case for higher interest rates than he did during his July news conference. These remarks have prompted market bets that the central bank will raise rates next month to combat inflation that has remained above target for 65 consecutive months.

RSS Source map (18)

What changed

Warsh explicitly stated that current policy is not restrictive and that further work on inflation is required.

Live updates

  1. Fed Chair Kevin Warsh signals rate hikes after Jackson Hole speech

    Federal Reserve Chair Kevin Warsh indicated that current policy is not restrictive and that there is still work to do on inflation. Speaking Friday at the annual Jackson Hole retreat, Warsh provided a clearer case for higher interest rates than he did during his July news conference. These remarks have prompted market bets that the central bank will raise rates next month to combat inflation that has remained above target for 65 consecutive months.

    Why it matters

    Warsh previously maintained a lower profile than former Fed chairs. This appearance marks his largest audience since taking office and follows a period of market confusion regarding the bank's direction.

    What is confirmed

    • Kevin Warsh spoke Friday at the Federal Reserve's annual conclave in Jackson Hole.
    • Warsh stated he does not view current policy as restrictive.
    • Warsh said there is work to do on inflation.

    Still unconfirmed

    • Inflation has stayed above target for 65 straight months.

    What to watch next

    • The Federal Reserve's official interest rate decision next month
    • Future public statements from Kevin Warsh regarding inflation targets
    Sources used for this update (5)
    1. www.cnn.com — Fed Chairman Kevin Warsh faces pressure to show his hand
    2. apnews.com — All eyes on Fed Chair Warsh during the central bank’s annual conclave in Jackson Hole
    3. www.cnbc.com — Analysis: Kevin Warsh sharpens inflation warning at Jackson Hole, signaling possible rate hike
    4. nypost.com — Fed’s Kevin Warsh says there’s ‘work to do’ on inflation at Jackson Hole retreat — sparking bets on rate hike next month
    5. www.forbes.com — Forecast: Fed To Hike Interest Rates After Warsh's Jackson Hole Talk
    confidence 90%

  2. Fed Chair Kevin Warsh to deliver first Jackson Hole keynote Friday

    Federal Reserve Chair Kevin Warsh addresses the Kansas City Fed's annual economic conference in Jackson Hole, Wyoming, on Friday. Markets are seeking clarity on the central bank's approach to inflation and the path of interest rates as bond yields approach high levels. This keynote represents the largest audience Warsh has faced since taking office, placing him in a global spotlight to reassure investors amid signs of economic strain.

    Why it matters

    The Jackson Hole symposium is a historic gathering in the Grand Tetons that serves as a primary venue for global monetary policy. Warsh's first appearance here occurs while bond market anxiety is high.

    What is confirmed

    • Kevin Warsh is the Chair of the Federal Reserve.
    • Warsh is delivering his first keynote speech at the annual economic conference in Jackson Hole, Wyoming.
    • The conference is hosted by the Kansas City Fed.

    Still unconfirmed

    • Bond yields are currently nearing highs.

    What to watch next

    • The specific policy guidance provided in Warsh's Friday keynote speech
    • Market reaction to the Fed's clarified approach to inflation and interest rates
    Sources used for this update (4)
    1. observer.com — Jackson Hole: How a Wyoming Retreat Became Central Bankers’ Power Center
    2. finance.yahoo.com — Fed’s Warsh faces high stakes ahead of Jackson Hole conference
    3. finance.yahoo.com — Fed Chair Warsh faces Jackson Hole spotlight with inflation, rate path in focus
    4. themortgagepoint.com — Fed Chair Warsh Heads to Jackson Hole With Markets Seeking Rate Clarity
    confidence 95%

  3. New Fed chair faces critical test at Jackson Hole as inflation fears mount

    Kevin Warsh, the new Fed chair, is set to deliver his first speech at the Jackson Hole conference amid mounting inflation fears and bond market anxiety. Investors are hoping for reassurance as signs of economic strain emerge. Warsh's remarks are expected to have a significant impact on the markets.

    Why it matters

    The Jackson Hole conference is an annual meeting of central banks that can influence global economic policies. The current conference comes at a time when inflation concerns are rising, and the bond market is experiencing anxiety. As the new Fed chair, Warsh's speech is highly anticipated.

    What is confirmed

    • Kevin Warsh will deliver his first speech as Fed chair at the Jackson Hole conference.
    • Investors are seeking reassurance from Warsh's speech amid inflation fears and bond market anxiety.
    • The Jackson Hole conference is an annual meeting of central banks.

    Still unconfirmed

    • Wharton professor Jeremy Siegel has suggestions on what Warsh can say to spark a new market rally.

    What to watch next

    • Kevin Warsh's speech at the Jackson Hole conference
    • U.S. PCE data release
    • Bond market reactions to Warsh's speech
    Sources used for this update (10)
    1. WSJ — Week Ahead for FX, Bonds: Warsh Speech at Jackson Hole, U.S. PCE Data in Focus
    2. Bloomberg.com — Kevin Warsh to Make First Jackson Hole Speech as Fed Chair
    3. Financial Times — Kevin Warsh seeks to soothe investors’ nerves as signs of economic strain mount
    4. The Guardian — New Fed chair faces critical test at Jackson Hole as inflation fears mount
    5. Reuters — Bond market anxiety raises stakes for Warsh's debut Jackson Hole speech
    6. CoinDesk — Live updates: Bitcoin holds $77,000 as XRP, Zcash pull back after a big weekly rally
    7. Newsweek — Five Questions Kevin Warsh Must Answer This Week
    8. Business Insider — What Kevin Warsh can say this week to spark a new market rally, according to Wharton professor Jeremy Siegel
    9. www.theguardian.com — New Fed chair faces critical test at Jackson Hole as inflation fears mount
    10. www.newsweek.com — Five Questions Kevin Warsh Must Answer This Week
    confidence 90%