Warsh's Jackson Hole Address: A Clue to US Monetary Policy Direction

The Federal Reserve's annual Jackson Hole Economic Policy Symposium returns this week amidst market volatility. The event, which runs from August 27-29 in Jackson Hole, Wyoming, marks new Fed Chair Kevin Warsh's first appearance at the symposium.

Markets are looking for clues on inflation and interest rates, with investors anxious about the roughly $30 trillion US Treasury market. Long-term Treasury yields have moved back towards levels last seen around 2007.

Fed Chair Warsh has previously indicated that he does not want to 'spoon-feed' markets with detailed guidance on future rate decisions. His speech could focus on broader issues such as productivity and demographics rather than signalling upcoming policy moves.