Investors are heading into the Federal Reserve's annual Jackson Hole symposium wanting to know what Fed Chair Kevin Warsh's plans to deal with inflation are. The gathering in Wyoming has traditionally offered Fed chairs an opportunity to signal where monetary policy is headed.
Investors are unsure whether Warsh, who took over as Fed chair in May, will follow the tradition of informing investors on future monetary policy when he delivers his debut Jackson Hole speech on Friday, according to Reuters. Warsh has moved away from the forward guidance that markets became accustomed to under previous Fed leadership, arguing instead that investors should pay closer attention to economic and market signals.
