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Warsh’s Blank Slate at Jackson Hole | Texas News
New Fed Chair Kevin Warsh is preparing to deliver his first major speech at Jackson Hole, but markets are bracing for ambiguity—not clarity. Warsh has famously called his address a “blank piece of paper,” refusing to commit to any specific policy direction or forward guidance. This secrecy is rattling bond markets, pushing long-term yields higher as investors scramble to interpret his silent strategy. With inflation still stubbornly above target—core PCE at 3.3%—and uncertainty over whether Warsh even prioritizes that metric, the Fed’s next moves remain shrouded in mystery. While his…
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