Warsh to Unveil Future Interest Rate Plans in Wyoming Keynote

Federal Reserve Chairman Kevin Warsh will deliver the keynote address at the central bank's annual symposium in Jackson Hole, Wyoming on Friday. Economists and financial markets are watching closely for insight into future interest rate plans.

Since being appointed chairman in May, Warsh has been tight-lipped about future policy decisions. The U.S. economy is still grappling with inflation pressures, with rates well above the Fed's 2% annual target.

The Federal Open Market Committee has maintained benchmark interest rates at 3.5% to 3.75%. Some members of the central bank are calling for another rate hike, which would be a first since July 2023.