Warsh to Deliver Crucial Address on Inflation and Bond Market

Federal Reserve Chair Kevin Warsh is set to deliver a significant speech at the central bank's annual economic symposium in Jackson Hole, Wyoming. The speech comes as the Fed grapples with ongoing inflation and an increasingly anxious bond market.

Last week, the 30-year Treasury yield reached a 19-year peak before experiencing a brief decline following Treasury Secretary Scott Bessent's announcement regarding plans to double the maximum amount of long-term debt the government is permitted to repurchase.

Warsh's speech will also scrutinize his communication strategy. Since succeeding former Chair Jerome Powell, Warsh has generally refrained from indicating the bank's forthcoming actions.