π Warsh set to speak at Jackson Hole summit
Kevin Warsh is expected to give his first speech as Fed Chair at the Jackson Hole gathering on Friday. Investors are keen to hear his take on how the US central bank should handle persistent inflation. His recent comments after the July policy meeting caused some investor concern regarding inflation targets. The Australian dollar has been rallying strongly, partially due to the US Treasury's surprise buyback plan. This event will be watched closely for signals on US monetary policy going forward. π§