Kevin Warsh Faces Rate Test
The new Fed chair faces markets seeking guidance on inflation and interest rates.
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Updated Aug 27, 6:58pm ETEvery side, every morning
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Federal Reserve Chair Kevin Warsh will deliver his first Jackson Hole keynote on Friday at the Kansas City Fed’s annual symposium in Wyoming. Investors are looking for guidance on the September policy decision after Warsh shifted the central bank toward saying less about the economy and inflation. Core PCE inflation is running at 3.3%, while markets price about a 45% chance of a rate hike by December. The speech follows last week’s U.S. Treasury intervention in bond markets, which has raised questions about Fed-Treasury boundaries.
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