US Federal Reserve’s Kevin Warsh gears up for key Jackson Hole conference as inflation fears mount – business live

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All eyes are on a mountain valley in Wyoming today, as central bankers and economists gather close to Yellowstone national park for a top-level symposium.

It will be Kevin Warsh’s first as Fed Chair , at a time when inflation remains stubbornly above target and long-term yields have been under pressure.

Kevin Warsh is trying to change the way the Fed functions and communicates its policy to the market (or whether it communicates at all!).

Investors are questioning, since Treasury announced last week that it would increase its longer-term bond buybacks to tame borrowing costs, how the Fed will respond to the Treasury’s intervention in the bond market, which – if successful – could interfere with the Fed’s policy path and the transmission of its policy to the economy.

10am: Eurozone inflation report for August 1.30pm: Canadian GDP for the second quarter 3pm UK (10am EDT: Fed chairman Kevin Warsh delivers the keynote address at Jackson Hole Economic Policy Symposium in the US 3pm: University of Michigan consumer sentiment index Continue reading...