Warsh to Frame Inflation Fix at First Jackson Hole Speech as Fed Chair
Central bank chiefs from around the world are gathering in Jackson Hole, Wyoming for the annual economic policy symposium. The event marks Federal Reserve Chair Kevin Warsh's first speech as head of the Fed and is drawing worldwide interest.
The symposium will explore how the rapid evolution of payment systems affects the future of money, banking, policy, and global financial integration. Payment systems, including digital payments, simple payments, cryptocurrencies, and stablecoins, are seen as crucial to the economy's circulatory system and interact with monetary policy in various ways.
Warsh will frame a fix for high inflation in his speech on August 28th, but Wall Street is watching closely for how he will address the issue. Price indexes have eased somewhat after peaking in May, but remain well above the Fed's 2% target.