Warsh Set to Speak at Event
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Warsh is due to speak at the event on Friday, with market watchers expecting what he says — or doesn't say — to shape investors' expectations for Fed policy and potentially trigger trading activity.
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Washington Times BusinessWarsh has insisted that he wants to give financial markets fewer clues about what the Fed will do with interest rates, hoping that markets react more to incoming data about the economy and inflation than to what the Fed is signaling.
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The U.S. Treasury Department announced a surprise move last week to increase the size of planned buybacks of Treasurys, which could help ease the rise in yields for 10- and 30-year Treasurys. But analysts warned the move could have only a limited effect because of how small the size of the buybacks are and how they do not fix the fundamental problems of too-high debt for the U.S. government and expensive oil prices because of the war with Iran.
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CNBCLast week, the U.S. Treasury Department announced it would increase its buybacks of long-term government debt, saying it would at least double the maximum size of its repurchasing operation to $4 billion from Sept. 9.
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The Fed’s new chairman, Kevin Warsh, is set to deliver a speech on Friday at an economic symposium in Jackson Hole, Wyoming. The mountain setting has provided the backdrop for major Fed policy announcements in the past, but investors are unsure of what they may get from Warsh this time around.
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CNBC"We believe Fed Chair Kevin Warsh is sincere in his desire to communicate less and we do not expect him to provide anything that would clarify his thinking on the near-term outlook for the economy and monetary policy," Morgan Stanley economists said in a note on Monday.
7 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 Financial Times Bessent’s bond intervention puts US Treasury on collision course with Fed Increased purchases of debt threaten to undermine central bank chief Kevin Warsh’s bid to tame inflation
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02 New York Post Business Treasury Secretary Scott Bessent is determined to put the “fear of God” into the so-called “bond vigilantes” who have been dumping US Treasurys and sending interest rates soaring, according to a private sector economist with knowledge of his thinking.
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03 Bloomberg Bessent’s Treasury Twist Makes November Refunding a Wall Street Wildcard US Treasury Secretary Scott Bessent’s more activist style of managing the nation’s debt has Wall Street war-gaming a potentially bigger shift in the government’s borrowing strategy over the coming months.
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04 CNBC Central bankers, policymakers and economists will gather in Jackson Hole, Wyoming, on Thursday for the Federal Reserve Bank of Kansas City's annual economic policy symposium.
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05 MarketWatch Need to Know Wall Street’s massive bet against long-term bonds is a recipe for a painful bearish unwind, says Citadel Securities
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06 Washington Times Business NEW YORK — U.S. stocks are drifting Monday ahead of a week packed with potentially market-moving events. The areas of the bond market that the U.S. Treasury Department is trying to calm down, meanwhile, eased a bit.
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07 RealClearMarkets Thirty-odd years ago, the Treasury Secretary was one of the speculators who broke the Bank of England in a famous trade. Now he’s on the other side of the markets, struggling to contain rising bond yields. Read Full Article »
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- ft
- cnbc
- nypost-biz
- rcmarkets
- marketwatch
- bloomberg
- washtimes-biz