Warsh Faces Pressure to Clarify Inflation Response at Jackson Hole

Kevin Warsh, Federal Reserve chair, will speak at Jackson Hole on Friday, but investors are uncertain about what guidance he'll provide on inflation. After his July policy meeting comments, investors interpreted him as showing a lack of resolve to bring inflation back to target.

The chairman's communications strategy has been rocky so far, and investors are looking for clearer policy direction from Warsh. He will give keynote remarks at the Kansas City Fed's annual Economic Policy Symposium.

Warsh faces pressure to act more like his predecessors and provide forward guidance on how the Fed might react over the remainder of the year. However, with five task forces reviewing key aspects of the Fed's inner workings, he may reiterate his commitment to price stability without providing specifics.