Watch live: Warsh gives key speech at Jackson Hole amid inflation, bond jitters
Summary
Federal Reserve Chair Kevin Warsh is scheduled to give an important speech at the annual economic meeting in Jackson Hole, Wyoming. The speech comes during ongoing concerns about rising inflation and unrest in the bond market.Key Facts
- Kevin Warsh is the Chair of the Federal Reserve.
- He will speak at the central bank’s yearly economic meeting in Jackson Hole, Wyoming.
- Inflation remains high, which means prices are rising and causing concern.
- The bond market, where government loans are bought and sold, is showing signs of instability.
- Recently, the yield (interest rate) on 30-year U.S. Treasury bonds reached a 19-year high.
- The bond yield briefly dropped after comments from Treasury Secretary Scott.
- The Federal Reserve often uses these meetings to share plans about the economy and interest rates.
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