Warsh Faces Bond Market Test Amid Inflation Concerns

The new US Federal Reserve chair, Kevin Warsh, faces his first test this week amidst bond market worries over inflation and Donald Trump's tax and spending plans.

Analysts expect Warsh to address these concerns in his speech at the annual Jackson Hole conference, but he has signaled a reluctance to drop hints about the Fed's future actions on interest rates.

The meeting comes as selling pressure intensifies in the $30tn US government debt market, despite efforts by Treasury Secretary Scott Bessent to assuage investor worries.