'Be More Honest': Markets Crave Clarity From Cryptic Fed Chair

'Be more honest': Markets crave clarity from cryptic Fed chair

Warsh, appointed by US President Donald Trump and in office since May, will speak at 8:00 am local time (1400 GMT) at a remote yet storied venue for monetary policy watchers: Jackson Hole, Wyoming. Since 1982, policymakers and prominent economists have gathered in this remote valley ringed by mountains in Grand Teton National Park -- known to most people more for its bison than for spirited debates on macroeconomics. It is one of the most impor…

Markets want answers as Fed chair prepares for his most important speech

New Federal Reserve Chair Kevin Warsh faces significant pressure as he prepares to deliver his first major speech at the Fed’s annual conference in Jackson, Wyoming, The New York Times reports.  Drawing on advice from former Fed Chair Paul Volcker, Warsh must both set interest rates appropriately and demonstrate that the central bank understands what it is doing. Warsh has clearly emphasized his commitment to bringing inflation back to the Fed’s…

High Rates And $265 Fill-Ups: What Wyoming Businesses Want New Fed Chair To Know

As central bank bigwigs gather beneath the Tetons for their annual economy summit, Wyoming business owners want the new Fed chair to understand the economic tug-of-war they're facing amid $265 fill-ups for food trucks and inflated housing costs.

'Pick a lane': Hostility mounts as Trump's handpicked Fed chair preps for a major first

President Donald Trump's handpicked head of the Federal Reserve is already under the microscope before he gives his first major address at the Fed's annual meeting.According to a report from the New York Times, Fed Chair Kevin Warsh will be watched closely by skeptics who believe he has been far too mysterious about his plans and whether he will let Trump pull his strings.His speech, scheduled for Friday at 10 a.m. Eastern, is the biggest draw o…