Warsh Set to Reaffirm Inflation Target at Jackson Hole Symposium

The highly anticipated speech by Fed Governor Michelle W. Warsh at the Jackson Hole symposium is set to take place on Friday, and Goldman Sachs has weighed in on what investors can expect.

According to GS, Warsh will likely reiterate her commitment to the 2% inflation target, expanding on the reasoning behind her approach to Fed communication.

She is also expected to offer thoughts on broader topics such as productivity growth and global economic shocks, which she touched on during her last press conference.

GS notes that despite recent positive inflation news, Warsh will not be providing policy guidance.

The symposium's theme this year is 'Financial Innovation: Implications for Payments and Policy,' with a full schedule to be posted on Thursday night. Papers presented are likely to cover topics like stablecoins but may have little immediate relevance to monetary policy decisions.