Warsh Faces Tough Crowd at Jackson Hole: Will He Talk Down the Hawks?

The upcoming speech by Kevin Warsh at Jackson Hole will be closely watched for signs that he may try to temper the hawkish views of some Federal Reserve members.

Warsh's first Jackson Hole speech as Fed Chair on August 28 comes just weeks before the September 16 FOMC decision, and Wall Street is eager to see whether he will attempt to talk down the hawks who are pushing for a rate hike.

The backdrop for Warsh's speech is challenging, with the 30-year UST yield at its highest level since 2007 and several FOMC members advocating for a rate increase despite cooling inflation and slowing growth.