New Fed chair faces critical test at Jackson Hole as inflation fears mount

Warsh's job this week is to hand markets a comfort blanket while Washington's spending plans keep lighting the room on fire.

Investors will hope Kevin Warsh offers ‘comfort blanket’ at annual meeting of central banks amid bond market anxiety The new US Federal Reserve chair, Kevin Warsh, faces a critical test this week amid anxiety in government bond markets over inflation and Donald Trump’s tax and spending plans. As the world’s most powerful central bank prepares for its annual Jackson Hole conference, analysts said bond traders would be looking for signals from Warsh over its commitment to fighting inflation. Continue reading...

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