Warsh Takes the Stage: Jackson Hole Symposium Awaits Rate Hike Clues

Fed Chair Kevin Warsh is set to address the Jackson Hole symposium today at 10 a.m. ET, in his first major public speech since taking over as Federal Reserve Chair in May.

The timing could hardly be more consequential, given that US inflation has now exceeded the Fed's 2% target for 65 consecutive months, testing the patience of consumers and investors alike.

Long-dated Treasury yields have recently climbed to multi-year highs, with markets increasingly pricing in the possibility of rate hikes over cuts.

The federal funds rate currently sits at a target range of 3.5% to 3.75%, reflecting the Fed's ongoing attempt to bring inflation back toward 2% without choking economic growth entirely.