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Warsh’s Blank Slate at Jackson Hole | Annapolis News
Description
New Fed Chair Kevin Warsh’s first major speech at Jackson Hole has markets on edge — but don’t expect a bombshell. With his famously vague “blank piece of paper” approach, Warsh is keeping investors guessing on rate direction, fueling bond market tension as yields climb. While he may prefer letting markets adjust rather than micromanaging, his silence on inflation metrics and policy goals leaves uncertainty. Core PCE remains stubbornly high at 3.3%, and with no imminent rate moves expected, borrowers can brace for steady costs — and maybe a little more patience from the Fed.
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