The Fed under Kevin Warsh
COVERAGE BY DAY
TIMELINE
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29 AUG
SAT
Fed Chair Warsh addresses inflation at Jackson Hole symposium
Federal Reserve Chair Kevin Warsh addressed the Jackson Hole Economic Symposium, focusing on inflation concerns. He stated that inflation is not slowing meaningfully and the Fed must act if it remains elevated, despite recent improvements in readings. Warsh reiterated the Fed's commitment to its 2% inflation target.
L2·C14·R2
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28 AUG
FRI
Former Fed Chair Warsh seeks alternatives to forward guidance
Former Federal Reserve Chair Kevin Warsh argued that the central bank's practice of forward guidance has outstayed its welcome. He believes the guidance, adopted during the global financial crisis, inhibits policymaker freedom and can mislead markets and households.
C2
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Cleveland Fed president calls for rate hike
Cleveland Federal Reserve President Beth Hammack stated that it is time to raise interest rates due to inflation remaining above the Fed's 2% target. Hammack noted persistent inflation and a lack of restriction in financial conditions as reasons to act.
C1
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Fed chair on inflation
Federal Reserve Chairman Jerome Powell stated at the Jackson Hole symposium that the central bank must focus on combating inflation. He emphasized the need for confidence that inflation is returning to target levels.
L1
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18 JUN
THU
Federal Reserve operational changes
Federal Reserve chairman Kevin Warsh has outlined significant changes to the central bank's operations after his first meeting. While interest rates remained unchanged as expected, projections suggest shifts in asset management, inflation control, and communication strategies.
