Kevin Warsh, Fed
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40mon MSN
Fed Chair Kevin Warsh delivers first keynote at Jackson Hole conference amid economic uncertainty
Fed Chair Kevin Warsh on Friday will deliver his first keynote at the annual Jackson Hole monetary policy conference against a backdrop of economic uncertainty.
The Federal Reserve chief seeks to clear up any ambiguity created by his late July press conference performance.
In a high-profile speech, Kevin M. Warsh said that the Federal Reserve was chiefly responsible for taming inflation. If price increases did not return to the central bank’s target quickly, “we have work to do,
Kevin Warsh acknowledged that recent inflation reports show it has cooled a bit, but “they do not tell me that underlying trends have meaningfully improved.”
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Fed Chairman Warsh expresses concern about inflation advocates for 'quieter' central bank: Watch live
He used the speech to outline his philosophy on policymaking while carefully sidestepping any signals
In a much-anticipated speech, Kevin Warsh doubled down on his controversial strategy of providing investors less explicit “forward guidance” about whether the Fed would raise interest rates.
The Justice Department said it has disrupted a Chinese hacking operation responsible for break-ins at numerous sensitive U.S. federal agencies.
Federal Reserve Chair Kevin Warsh’s speech at the bank’s Jackson Hole retreat offers him a chance to outline an inflation strategy and boost his credibility.