Warsh plots a forward-looking path for the Fed in Jackson Hole
The new Federal Reserve chairman defends the importance of sticking to economic data and avoiding projections about the future path of interest rates.
Kevin Warsh, the new Federal Reserve chairman, delivered his first speech at the annual Jackson Hole central bank conference. He emphasized the importance of relying on economic data and avoiding projections on future interest rates. Warsh addressed both short-term and long-term issues, highlighting the need to focus on the impact of innovation, including artificial intelligence, on the economy and financial stability.
His speech was seen as a successful attempt to alleviate market doubts and provide a clear direction for the Fed's future policy.
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