GoKawiilFed Chair Kevin Warsh's silence on rate policy unsettles Wall Street ahead of Jackson Hole
Kevin Warsh, the Federal Reserve's new chair, has broken from his predecessors by declining to offer clear signals about future interest rate moves, even as inflation remains elevated. At his most recent press conference he repeatedly avoided answering whether the Fed would raise rates if inflation persists, leaving investors and economists uncertain about his approach. He is expected to address these concerns in a closely watched speech at the Fed's Jackson Hole symposium.