US Federal Reserve’s Kevin Warsh gears up for key Jackson Hole conference as inflation fears mount – business live
Summary
Central bankers and economists are meeting at the annual Federal Reserve symposium in Jackson Hole, Wyoming, where Federal Reserve Chair Kevin Warsh will speak about inflation and the bond market. Market participants are watching closely to see how the Fed will handle rising inflation and recent government actions to lower US borrowing costs by buying long-term bonds.Key Facts
- The Federal Reserve's Jackson Hole symposium focuses this year on inflation and bond markets.
- Kevin Warsh is the new Chair of the Federal Reserve.
- Warsh’s speech is expected at 10 a.m. Eastern Time in Wyoming.
- Investors want clarity on how the Fed will control inflation if prices keep rising.
- US Treasury Secretary Scott Bessent has been buying long-term bonds to lower borrowing costs.
- This Treasury action could conflict with the Fed’s efforts to manage inflation.
- European bond yields have risen to highs not seen in 15 to 18 years amid these concerns.
- Warsh has indicated his speech will also cover topics like AI, productivity, demographics, and the global impact of the Iran war.
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