Warsh Sets Stage for Key Speech at Federal Reserve Conclave

New Federal Reserve Chair Kevin Warsh has made it clear he prefers to keep a low profile. However, his speech at the central bank's annual conclave in Jackson Hole will be one of the most closely watched in years.

Warsh caused confusion last month when he spoke about interest rates and inflation, causing longer-term borrowing costs to rise on fears that inflation could worsen.

Economists and Wall Street analysts are hoping for a clear indication from Warsh on his willingness to lift interest rates to combat high inflation.