New Fed chair Kevin Warsh under pressure to clarify views on inflation, interest rates
Markets want a clearer signal on whether the Fed will raise rates if inflation stays elevated, as Warsh keeps withholding forward guidance.
- Gold prices fell 0.5% to $4,580.19 per ounce as investors awaited Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole symposium amid concerns over rising interest rates.
- Federal Reserve officials expressed worries about persistent U.S. inflation, with the Personal Consumption Expenditures Price Index rising 3.7% annually through July.
- Traders estimate a 33.7% chance of a U.S. rate hike in September and a 74.2% chance by December, which affects gold's appeal due to its non-yielding nature.
- Gold remains supported by strong exchange-traded fund participation, official-sector buying, and fiscal concerns, although a hawkish tone from the Fed may pressure prices in the near term.
93 Articles
93 Articles
Fed’s Kevin Warsh says there may still be ‘work to do’ on inflation at Jackson Hole retreat
Federal Reserve Chair Kevin Warsh said Friday there may be “work to do” on inflation, though he again danced around his outlook on interest rates during a closely-watched speech at the central bank’s annual Jackson Hole, Wyo., retreat.
Central bankers around the world are once again dissecting the speech that the chairman of the US Federal Reserve, the newly installed Kevin Warsh, is giving at the annual Jackson Hole Symposium in Wyoming. But all is not business as usual this time.
Fed Chair Kevin Warsh delivers first keynote at Jackson Hole conference amid economic uncertainty
Federal Reserve Chair Kevin Warsh on Friday is delivering his first keynote at the annual monetary policy conference in Jackson Hole, Wyoming, against a backdrop of uncertainty over inflation, as well as how he will guide policymakers as they consider interest rate moves.Warsh's speech comes as the Federal Reserve has held interest rates steady at each of its five meetings so far this year amid persistent inflation, which moved further away from…
At the annual meeting in Jackson Hole, the top US Federal Reserve Banker is giving a speech in which investors will listen closely. How do the markets react?
All eyes on Fed Chair Warsh during the central bank’s annual conclave in Jackson Hole
New Federal Reserve Chair Kevin Warsh has sought to take a lower profile than his predecessors, yet his speech Friday at the central bank’s annual conclave in Jackson Hole will be one of the most closely-watched in years.
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