Investors Await Warsh's Speech for Confirmation of Fed's Independence
Dow Jones
Yesterday
1117 GMT - Markets will pay attention to the U.S. Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole Symposium on Friday for any confirmation of the Fed's independence, Marex FX's Jonathan Pryor says in a note. The speech is "an early opportunity [for Warsh] to stamp his authority on the committee at a time when the Fed is facing an unusually complex mix of economic, fiscal and political pressures", Pryor says. Investors will look for indications that Warsh can lead the Fed through this challenging environment, he says.
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