Federal Reserve Chairman Kevin Warsh Prepares for Jackson Hole Speech Amid Market Tensions
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The stakes for the stock market are high as Federal Reserve Chairman Kevin Warsh prepares to deliver his first Jackson Hole speech since taking the helm at the U.S. central bank.
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CNBCThe Federal Reserve's cryptic chairman is set to deliver his much-awaited keynote address Friday in Jackson Hole, with markets trying to anticipate what, if anything, he will have to say on key matters affecting the economy and monetary policy.
Epoch Times BusinessWhat makes this year’s meeting of policymakers, economists, and Wall Street titans notable is that it marks Fed Chairman Kevin Warsh’s first Jackson Hole since taking over as head of the U.S. central bank.
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A former top Federal Reserve policy adviser says Warsh can use his speech at the Jackson Hole Economic Policy Symposium on Friday morning to change their minds. Other analysts are skeptical he can pull it off, and many don’t think he’ll even try.
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Epoch Times BusinessA CNBC Fed Survey released on the eve of Jackson Hole found that 80 percent of polled economists said Warsh should offer insights into his economic views. Forty-eight percent believe he should offer his outlook on interest rates.
CNBC"Warsh has been much more reluctant to share his policy views or assessment of the current economic situation than Powell was," said David Mericle, the chief U.S. economist at Goldman Sachs in a Tuesday note, referring to former Fed chief Jerome Powell. "We do not expect Warsh to provide strong hints about the Fed's decision in September."
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"Warsh is not going to be able to engage in cryptic discourse," Brusuelas said. "He's going to need to be a little bit more forthright and clear on what he means."
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Epoch Times BusinessWhile Warsh has regularly championed a hardline stance on eviscerating inflation, his upcoming speech might need to showcase a plan to achieve this objective, according to Brusuelas.
5 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 Bloomberg European Stocks Set for Fifth Monthly Gain Before Warsh Speech European stocks gained on Friday and were set for a fifth straight monthly advance ahead of key speeches by central bankers at the Jackson Hole economic symposium.
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02 CNBC S&P 500 futures are near flat Thursday night as investors monitored earnings reports awaited Federal Reserve Chairman Kevin Warsh's latest address.
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03 MarketWatch Market Extra How will stocks perform when the Fed chair speaks at Jackson Hole? Here’s what history tells us.
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04 Epoch Times Business The Federal Reserve opened its multi‑day Jackson Hole Economic Symposium in Wyoming on Aug. 26, an event one market watcher said could be one of the “more meaningful” gatherings in some time.
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05 Politico Economy Will Kevin Warsh Squander a Huge Opportunity? The new Fed chair will have the spotlight at the central bank’s high-profile conference in Jackson Hole. He should use it.
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Sources (5)
- cnbc
- marketwatch
- epochtimes-biz
- bloomberg
- politico-economy