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Warsh’s “Quiet Fed” Approach Adds a Hawkish Call at Jackson Hole
Warsh said inflation risks could justify tighter policy, and traders raised September hike odds to 60.4%, according to CME FedWatch.
- On Friday, Federal Reserve Chair Kevin Warsh delivered a hawkish address at the Jackson Hole Economic Symposium, pushing market expectations for a September rate hike to 60.4%.
- Warsh pledged to return inflation to the 2% target while advocating for a "quieter Fed," emphasizing that monetary policy must remain independent and not bend to fiscal pressures from the Treasury.
- Market watchers, including Deutsche Bank, noted the address's "decidedly hawkish direction," while John Luke Tyner of Aptus Capital Advisors highlighted Warsh's commitment to the 2% PCE inflation metric.
- Markets currently peg September hike odds at 57%, according to CME Fedwatch, though Bill Adams of Fifth Third Bank warned that upcoming payrolls data could raise the bar for a hike.
- Future rate hikes remain expected at the September and December Federal Open Market Committee meetings, despite Gavekal identifying potential friction with the Treasury over long-term securities management.
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Warsh’s “Quiet Fed” Approach Adds a Hawkish Call at Jackson Hole
Since taking over as Fed chair in late May, Warsh has made it clear he is less comfortable providing forward guidance than his predecessor. The post Warsh’s “Quiet Fed” Approach Adds a Hawkish Call at Jackson Hole appeared first on The Daily Upside.
·New York, United States
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Jackson Hole analyst roundup: Warsh's speech sends hike chances higher, may put Fed `at odds' with Treasury
Fed Chair Kevin Warsh's hawkish stance reinforced expectations of a relatively tighter stance at the Federal Open Market Committee meeting in September.
·Englewood Cliffs, United States
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U.S. stock futures slip as chances of rate hike rise after Warsh’s Jackson Hole comments
U.S. stock-index futures declined on Sunday, as investors ponder the likelihood of a fresh interest-rate hike and as new fighting between the U.S. and Iran threatens to reignite the conflict.
·New York, United States
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Coverage Details
Total News Sources16
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
Factuality
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