Federal Reserve Board Chairman Kevin Warsh speaks during a news conference at the Federal Reserve in Washington, Wednesday, July 29, 2026. (AP Photo/Mark Schiefelbein)
\n\nEl presidente de la Reserva Federal Kevin Warsh en la sede de esa institución, el 29 de julio del 2026. (AP foto/Mark Schiefelbein)
\n\nWASHINGTON (AP) — New Federal Reserve chair Kevin Warsh has brought sharp change in how the central bank communicates by saying much less than his predecessors about the economy and inflation.
\n\nBut so far, many economists and Wall Street investors haven’t been thrilled with that approach.
\n\nOn Friday, Warsh has a high-stakes opportunity to address those concerns and underscore his inflation-fighting bona fides when he gives his speech in Jackson Hole, Wyoming, during the Fed’s annual economic symposium.
\n\nWhat many economists and Wall Street analysts are hoping for is a clear signal on how he thinks the Fed should handle the stubbornly elevated inflation that has caused pervasive gloom among many consumers. At his last press conference, he sowed confusion by ducking repeated questions on whether the Fed would hike its benchmark interest rate if inflation stays high.
\n\nWarsh has said he doesn’t want to provide what analysts call “forward guidance” about whether…
Original source: https://apnews.com/business