Warsh Takes Aim at Inflation with Jackson Hole Address

New Fed Chair Kevin Warsh is expected to address inflation at Jackson Hole, Wyoming. This is significant as he is seen as a hawk who will tackle inflation. Warsh's views are in contrast to some experts who believe that increasing short-term rates may not be the right move.

The author of the article expresses admiration for Paul Volcker, who was a great Fed chair in their opinion. They also mention that there has been a lack of truly capable Fed chairs since Volcker.

The author believes that Warsh's views are different from those of his colleagues and that he will say something meaningful about U.S. monetary policy. The Treasury Department's increased participation in secondary markets may have prompted this response.