Warsh Unlikely to Give Clear Signal on Rate Path at Jackson Hole
Summary
- Federal Reserve Chair Kevin Warsh is expected to avoid offering a clear signal on the future interest-rate path in his Jackson Hole speech.
- Warsh is expected to emphasize his commitment to price stability while avoiding specific guidance on the next direction of monetary policy.
- Key economic indicators including the PCE price index and GDP, along with Warsh's remarks, are expected to influence the outlook for monetary policy.
Forecast Trend Report by Period
Federal Reserve Chair Kevin Warsh is unlikely to offer a clear signal on the future path of interest rates in his Jackson Hole speech, Stifel Economics said on Aug. 24.
Warsh is expected to underscore his commitment to price stability while avoiding specific guidance on the next direction of monetary policy.
He has recently shown a preference for scaling back forward guidance on the rate path and making policy decisions based on economic data. Markets will likely parse the details of his remarks for clues on where rates may head next.
Key economic indicators, including the personal consumption expenditures price index and gross domestic product data, are due ahead of the Jackson Hole speech. Those releases, along with Warsh's remarks, are expected to shape the outlook for monetary policy.
JH Kim
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