Fed Chair Kevin Warsh to Deliver High-Profile Speech on Inflation Strategy
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New Fed Chair Kevin Warsh will deliver a high-profile speech Friday in Jackson Hole, Wyoming, that will be closely watched by Wall Street for any signs of his thinking about next steps.
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MarketWatchThe 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.
BloombergBofA’s Hartnett Sees Warsh on Yield Tightrope at Jackson Hole Federal Reserve Chair Kevin Warsh’s Jackson Hole speech could flatten the US yield curve, bolster risk appetite and support the dollar — if he gets it right, according to Bank of America Corp. strategists.
RealClearMarketsAgainst the backdrop of the majestic Grand Teton mountains, Kevin Warsh will deliver a speech next week that is likely to have a profound impact on his term as chairman of the Federal Reserve and the credibility of the central bank. Read Full Article »
Politico EconomyWill 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.
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.
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.
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Warsh has committed to making elevated inflation a “thing of the past.” At the same time, the Fed chairman has yet to employ measures to lower inflation. The central bank has yet to make a move on interest rates this year, the money supply is still logging new record highs, and the balance sheet continues to expand.
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CNBCAs chairman, a central goal of Warsh's is to contain inflation at the central bank's 2% target.
MarketWatchNew Federal Reserve Chairman Kevin Warsh has yet to earn the trust of his central-bank colleagues or financial-market participants who remain wary of his approach to curbing inflation and his ties to the White House.
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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.
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Last week, the 30-year Treasury yield surpassed 5.3%, the highest since June 2007. The next day, Treasury Secretary Scott Bessent announced the department would increase its buybacks of long-term Treasury debt.
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Washington Times BusinessBessent said the Treasury would double its buybacks of longer-term bonds - those lasting for 10 to 30 years - starting next month. Such a move would theoretically raise Treasury prices and lower yields. The announcement initially had little effect, though yields have since declined slightly.
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In previous years, Fed leaders used their keynote addresses as monetary policy resets for the year ahead.
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Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 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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02 CNBC Treasury yields were little changed early Friday as global investors await the highly anticipated keynote speech from Federal Reserve Chair Kevin Warsh at Jackson Hole.
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03 Epoch Times Business “It’s become a place where Fed chairs have delivered major policy signals,” Jay Woods, chief market strategist at Freedom Capital Markets, said in a note emailed to The Epoch Times.
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04 Bloomberg Traders Expect to Be Frustrated by Warsh’s Jackson Hole Speech Investors urge the tight-lipped Fed chairmen to be forceful on inflation.
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05 NPR Economy NPR's Steve Inskeep speaks with David Wilcox, with the Peterson Institute for International Economics, about what investors and economists are hoping to hear from the Fed chair's speech Friday.
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06 Washington Times Business WASHINGTON — An inflation measure closely watched by the Federal Reserve stayed elevated last month in the latest sign that many Americans are still struggling with higher costs.
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07 National Review Economy Inflation Update: Still Too High Higher interest rates remain the only solution, however uncomfortable.
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