Warsh's Tight-Lipped Approach Leaves Markets Guessing at Jackson Hole

New Federal Reserve chair Kevin Warsh is set to address the annual economic symposium in Jackson Hole, Wyoming, for the first time. Market observers are eager to hear his views on interest rate decisions and monetary policy, but they may be disappointed.

Stephen Kates, a certified financial planner at Clocktower Financial Consulting, notes that Warsh has been tight-lipped about his approach so far. He describes Warsh's style as holding things 'close to his chest.'

Kates expects no groundbreaking announcements in Warsh's Jackson Hole speech and suggests that the chair is comfortable letting markets do some of the Fed's tightening work.