New Fed chair Kevin Warsh under pressure to clarify views on inflation, interest rates
Warsh faces pressure to explain how he would respond if inflation stays high, as 45% of survey respondents expect no rate guidance Friday.
- On Friday, Federal Reserve chair Kevin Warsh delivers his first keynote speech at the Jackson Hole conference, where investors remain split on whether he will offer clarity on the Fed's economic outlook.
- Warsh has deliberately reduced Fed communications since taking office, arguing that standard forward guidance limits flexibility as he seeks a cleaner view of market signals unfiltered by Fed commentary.
- Among 31 surveyed respondents, 80% believe the Fed chair should provide more economic insight, yet 45% expect he will offer no guidance on rate outlooks during his Friday speech.
- Treasury Secretary Scott Bessent's recent efforts to tamp down bond yields have complicated the Fed's job, with economists characterizing Treasury actions as a "band-aid" addressing only symptoms.
- Amid intensifying political pressure, President Donald Trump continues pushing for lower rates while seeking to reshape the Fed board; over the next year, 53% of respondents forecast rate hikes as inflation declines to 2.6%.
19 Articles
19 Articles
Watch Software Stocks Will Rebound From the Ashes, Malik Says
Saira Malik, Chief Investment Officer at Nuveen, talks about what she wants to hear from Fed Chair Kevin Warsh in Jackson Hole and she explains why she's bullish on software stocks. Malik speaks on "Bloomberg The Close."
LancasterOnline
Independent EspañolWASHINGTON (AP) — The new president of the Federal Reserve, Kevin Warsh, has introduced a drastic change in the way the US central bank communicates, saying far less than its predecessors about the economy and the...
Associated Press News
New Fed chair Kevin Warsh under pressure to clarify views on inflation, interest rates
New Federal Reserve chair Kevin Warsh has brought sharp change in how the central bank communicates by saying much less than his predecessors about the economy and inflation.
Fed Chair Kevin Warsh Kept Quiet for 3 Months. Jackson Hole Might Change That
80% of economists surveyed by CNBC want Federal Reserve Chairman Kevin Warsh to explain his economic thinking when he delivers his first Jackson Hole keynote on Friday. The poll of 31 economists, strategists, and investors also shows deep division over how far he should go. Respondents split 48%…
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