Fed Chair Warsh's Jackson Hole Debut
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By Howard Schneider WASHINGTON, Sept 2 (Reuters) - After opening the door to higher interest rates last week, U.S. Federal Reserve Chairman Kevin Warsh has to decide how to follow through with actions the public and investors will see as both consistent with his own words and independent of President Donald Trump's wishes.
The spotlight is on Fed Chairman Kevin Warsh as he delivers a speech in Jackson Hole, Wyo., on Friday.
The world’s largest economy should not be governed by outdated assumptions about how fast it is capable of growing. Kevin Warsh used his Jackson Hole address to challenge the Federal Reserve to reconsider those limits and rethink its approach to monetary policy.
Major U.S. stock indexes pulled back Friday after a speech by Federal Reserve Chair Kevin Warsh, while Marvell Technology shares sank after its forward guidance did not meet investors’ lofty expectations.