Dow Jones, S&P 500, Nasdaq: Dow Jones schließt fast unverändert – Warsh-Aussagen bremsen

Recent statements by US Federal Reserve chairman Kevin Warsh have dampened the US stock markets. The Dow Jones remained almost unchanged at 53,560 points. The broader S&P 500 fell 0.2 percent to 7,711 points. The tech-heavy Nasdaq slipped 0.5 percent to 26,402 points. The Nasdaq 100, which includes the 100 largest non-financial companies by market capitalization, fell 0.7 percent to 29,433 points.

If inflation does not quickly move towards the target of two percent, "we have work ahead of us," Warsh said at the Federal Reserve conference in Jackson Hole, dampening sentiment in US equities. "That's why the market reacts as it does, because Warsh makes it clear he will not deviate from the two percent target," said Mark Hackett, chief investment strategist at Nationwide Financial Services.

"He confirms his strict course, but that is more a sign of consistency than further tightening." Previous Fed chairmen have used such meetings to send far-reaching signals about monetary policy. Given his limited speaking style compared to his predecessors, Warsh's appearance in Jackson Hole was particularly significant. He emphasized during his appearance that the Fed must act if inflation is not expected to move towards the two percent target, without committing to a specific interest rate change at the upcoming Fed meeting in September.