New Federal Reserve Chair Kevin Warsh has sought a lower profile than his predecessors, yet his speech Friday at the central bank's annual conclave in Jackson Hole will be one of the most closely watched in years.
When Warsh last spoke, in a press conference in late July, he sowed confusion about his willingness to lift interest rates to combat stubbornly high inflation. Longer-term borrowing costs rose on fears that inflation could worsen.
