TD Securities strategists say Fed Chair Kevin Warsh’s remarks at next week’s
Jackson Hole symposium could offer investors a slight reprieve if he provides
additional guidance; continued avoidance of forward guidance would be
Disappointing. Markets will seek clues on the Fed’s reaction function and
reassurances about its anti‑inflation resolve. Strategists expect a gradual,
non‑disruptive speech rather than a regime shift, but warn downside risk from
unmet expectations remain high.
