Fed's Warsh Might Reveal Little About Policy at Jackson Hole -- Market Talk

1016 GMT - The question everyone is wondering is whether Federal Reserve Chair Kevin Warsh will use his Jackson Hole speech to provide more clarity on monetary policy, Franklin Templeton Fixed Income's Sonal Desai says in a note. "I think he will not," the CIO says. Warsh has abandoned forward guidance and wants financial markets to assess the economic outlook rather than take their cues from a Fed that signals its moves ahead of time, Desai says. However, Warsh has faced pushback from analysts who want him to clarify the Fed's 'reaction function,' namely what data it will react to and how, Desai says. "But I don't think Warsh will do this, because it would be the same as providing forward guidance." (emese.bartha@wsj.com)

(END) Dow Jones Newswires

August 25, 2026 06:16 ET (10:16 GMT)