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Fed Chair Warsh faces Jackson Hole spotlight with inflation, rate path in focus

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Fed Chair Warsh faces Jackson Hole spotlight with inflation, rate path in focus
Photo: The White House / Wikimedia Commons (Public domain)

He said Warsh could provide "some sort of framework guidance that would help assuage market fears that he's completely detached from traditional policymaking, and that he's not necessarily looking at economic data as the right levers to be conducting monetary policy.

Warsh has said he doesn’t want to provide what analysts call “forward guidance” about whether the Fed will hike or cut rates or stay on hold at upcoming meetings. Questions swirling around Warsh have also been intensified by President Donald Trump’s continued calls for lower interest rates.

Additionally, he pointed to Warsh's comments in June that markets and Treasury yields were signaling investors were convinced inflation was coming down, and then in July he said the higher yields were contributing to the Fed's tighter policy.

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