In my opinion, Warsh's speech is expected to "frame the big questions" rather than offer granular details, it will serve as the official stamp on his tenure and a signal of how independent the Fed will remain under his leadership.
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Jackson Hole: 10 AM ET – Warsh's Words Could Move Markets.
PCE at 3.7% beat expectations unexpectedly, pushing the probability of no rate hike in September from 35% to 66%. Since Walsh took office, forward guidance has been scrapped and the dot plot abolished...