Federal Reserve Chairman Kevin Warsh delivered his inaugural keynote address at the central bank’s annual retreat in Jackson Hole, Wyoming, on Aug. 28.
In his roughly 30-minute prepared remarks, Warsh touched upon a broad array of topics, from above-trend inflation for 65 straight months to the Fed’s new communications direction.
Stock market indexes were mixed after the speech was analyzed, while Treasury yields moved sharply higher.
But traders may have been disappointed, as they did not receive a clear answer on whether the Federal Open Market Committee will raise interest rates or hold steady in September, leaving them to rely on a series of data points to reach a conclusion….