Warsh Shifts Fed Focus to Price Stability in Key Jackson Hole Address

Federal Reserve Chair Kevin Warsh's speech at the Kansas City Fed's annual Jackson Hole symposium was met with praise from Jacob Frenkel, a veteran economist who has attended the event for over four decades.

Frenkel, a former chief economist at the IMF and two-term governor of the Bank of Israel, described Warsh's performance as 'a very important and good speech.'

The speech was significant because it provided clear communication on policy path and goals, which had been lacking in previous meetings.