Warsh to Unveil Roadmap at Jackson Hole as Debt Hits Record High
The annual Jackson Hole symposium will take place from August 27 to 29 in Wyoming, and this year's edition will be led by Kevin Warsh, president of the Federal Reserve Bank of the United States. The chosen theme for the event is 'Financial innovation: implications for payments and policies,' but investors will focus on any signs regarding the upcoming moves of the Fed.
Warsh's intervention on Friday takes on special prominence as it is expected that he will provide some guidance on the future of interest rates in the US, as well as his reading of the recent shocks in the US bond market. The country's debt has surpassed the historic threshold of $40 trillion ($34.3 trillion euros), and investors are closely monitoring the situation.
The European Central Bank (ECB) has confirmed that several members of the Governing Council will participate in the event, including Isabel Schnabel, who will also speak on Friday. Christine Lagarde will not attend Jackson Hole this summer.