All eyes in markets were on Kevin Warsh at Jackson Hole on Friday.
The Fed chief signaled the central bank is committed to 2% inflation, causing bond yields to jump.
Here's what some top market minds are saying about Warsh's remarks.
Investors were glued to their TVs on Friday as Federal Reserve boss Kevin Warsh stepped up to the podium at the annual Jackson Hole Economic Symposium.
The hotly anticipated remarks held a few key takeaways for investors. For one, Warsh reiterated what many already knew, which is that the era of forward guidance from the central bank is largely over. In stark contrast to his predecessor Jerome Powell, Warsh wants a "quieter" Fed.
#jackson #hole #central #bank
The Fed chief signaled the central bank is committed to 2% inflation, causing bond yields to jump.
Here's what some top market minds are saying about Warsh's remarks.
Investors were glued to their TVs on Friday as Federal Reserve boss Kevin Warsh stepped up to the podium at the annual Jackson Hole Economic Symposium.
The hotly anticipated remarks held a few key takeaways for investors. For one, Warsh reiterated what many already knew, which is that the era of forward guidance from the central bank is largely over. In stark contrast to his predecessor Jerome Powell, Warsh wants a "quieter" Fed.
#jackson #hole #central #bank
2 months ago
