Image: The Globe and Mail‘Warsh is giving the market what it wants’: What the Street is saying about the Fed chair’s Jackson Hole speech - The Globe and Mail
• Federal Reserve Chair Kevin Warsh delivered a speech at Jackson Hole on Friday, suggesting that policymakers may still "have work to do" if inflation does not return to the 2 per cent target. • The remarks were interpreted by some as the closest Warsh has come to acknowledging that further interest rate hikes could be necessary to curb inflation. • Market analysts, including Jamie Cox and Brian Jacobsen, viewed the speech as a strategic attempt to remain noncommittal and avoid pre-announcing policy intentions, reminiscent of Alan Greenspan's approach.
theglobeandmail.com










