#Gate股票观点挑战 Markets are holding their breath! What will Fed Chair Warsh say at the global central bank annual meeting?

This year’s Jackson Hole Global Central Bank Annual Meeting will be held from August 27 to 29, with the theme “Financial Innovation: Implications for Payments and Policy.”
Federal Reserve Chair Kevin Warsh will deliver his first speech since taking office at 10:00 a.m. Eastern Time on August 28 (10:00 p.m. Beijing Time on August 28).
Markets will closely watch his comments on the inflation outlook and the path of monetary policy. This is his first major speech as Fed chair and another test of his communication style.
At the press conference following the Fed’s July policy meeting, he was criticized by market participants for being insufficiently candid about his views on the economy. It was also his new communication approach that first triggered the current sell-off in U.S. Treasuries.
Last week, U.S. Treasury Secretary Bessent unexpectedly announced plans to buy back long-term U.S. Treasuries to push down yields, but the move had little effect. Against this backdrop, the environment facing Warsh has become increasingly awkward and complex.
Warsh continues to face pressure from Wall Street to provide greater transparency and communication regarding the Fed’s policy measures, with critics saying he has gone too far in restricting the Fed’s communications.
Warsh’s defenders argue that the market’s reaction to his July press conference was somewhat excessive and that this was simply part of his efforts to reform the Fed.
In any case, the market expects Warsh, in his Jackson Hole debut, to reiterate the risks posed by inflation and keep the option of raising interest rates open to rebuild policy credibility, while continuing to reaffirm his long-term view that the Fed should reduce its direct intervention in guiding markets.