Fed tells investors to play the ball with two refs
SPY•Context news: Warsh's Jackson Hole remarks
Federal Reserve Chair Kevin Warsh used his keynote address at the annual economic symposium in Jackson Hole, Wyoming to explain his views of the economy and his plans as the new central bank head.
In his address, he said the central bank will "have work to do" if policymakers are not confident that underlying inflation is returning to its 2% target.
Breakingviews column on Fed guidance and market signals
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
By Gabriel Rubin
WASHINGTON, Aug. 28 (Reuters Breakingviews) - At the Jackson Hole confab, central bank chief Kevin Warsh finally clarified how he views the imperative of fighting still-high inflation. Thing is, his taciturn strategy of getting out of the way of market signals is being trampled on by Treasury Secretary Scott Bessent.
Full view will be published shortly.
