Warsh's Jackson Hole Speech: A Blank Piece of Paper

New Federal Reserve Chair Kevin Warsh will address the annual economic symposium in Jackson Hole, Wyoming, for the first time. Market watchers are eager to hear his views on monetary policy and interest rates.

Warsh has been tight-lipped about his plans so far, telling reporters that he was approaching his speech as a 'blank piece of paper.'

Certified financial planner Stephen Kates said consumers shouldn't expect any groundbreaking announcements from Warsh's Jackson Hole speech. He added that the Fed chair wants to avoid giving forward guidance and has made this clear.

Warsh's tight-lipped style has added tension to bond markets, where long-term Treasury yields have risen in recent months. Kates attributed this partly to inflation concerns and growing government and corporate debt issuance.