Federal Reserve Chair Kevin Warsh will speak at the annual Jackson Hole symposium in Wyoming on Aug. 27. Investors expect him to clarify how the Fed should respond to stubborn inflation, but it is unclear whether he will offer explicit guidance. Warsh’s communication since the July policy meeting has been muted; he disclosed little about his economic views and avoided forward guidance on rates. Markets interpreted that as insufficient resolve to restore disinflation, and long-term U.S. Treasury

Federal Reserve Chair Kevin Warsh will speak at the annual Jackson Hole symposium in Wyoming on Aug. 27. Investors expect him to clarify how the Fed should respond to stubborn inflation, but it is unclear whether he will offer explicit guidance. Warsh’s communication since the July policy meeting has been muted; he disclosed little about his economic views and avoided forward guidance on rates. Markets interpreted that as insufficient resolve to restore disinflation, and long-term U.S. Treasury yields have risen to two-decade highs.