Warsh's Jackson Hole Speech: Will Dovish or Hawkish Comments Move Markets?

Kevin Warsh, Federal Reserve Chair, will deliver his first Jackson Hole speech on Friday. Investors are looking for clues about US interest rates ahead of the Fed's September meeting.

The speech comes at a time when markets are divided over the direction of interest rates. A recent policy meeting included one of the strongest hawkish dissents in years, adding to uncertainty over the direction of rates.

Markets do not expect Warsh to directly say whether rates will be cut or raised in September. Instead, investors will be listening for how he assesses inflation, economic growth, and financial conditions, and what changes in those areas could push the Fed toward either lower or higher rates.