Warsh to Address Market Uncertainty at Jackson Hole

Federal Reserve Chair Kevin Warsh is set to speak at the Jackson Hole conference on Friday, and investors are eager for clarity on his vision for interest rate policy. Warsh's less-is-more communication strategy has created uncertainty in bond markets and investor confidence.

Warsh will give a keynote speech at 10 a.m. ET on Friday, offering an opportunity to 'hit the reset button' with markets if he chooses. The Fed's new chair has adopted a less-is-more approach, giving the Fed more flexibility to pivot on interest rates in uncertain times.

'Any clarification of his reaction function would allow Warsh to calm investors,' said TD Securities analysts led by Oscar Munoz. However, they view a full change in tack as unlikely, with a high risk of disappointment.