Wash to deliver his first Jackson Hole speech as Federal Reserve Chair

According to TechFlow, Federal Reserve Chairman Walsh will deliver remarks on August 27 at the annual Jackson Hole economic symposium in Wyoming. Investors expect him to further clarify how the Fed should address persistent inflation, but it remains unclear whether he will take a clear stance. The chairman’s communication strategy has encountered a rocky start. Following the July policy meeting, Walsh offered almost no insight into his economic outlook and avoided providing forward guidance on interest rates. Investors interpreted his remarks as a lack of commitment to pushing inflation back to its target level, after which long-term bond yields climbed to their highest levels in two decades. (Jin10)