What we learned from Warsh's Jackson Hole speech, and GE Vernova's CFO to retire

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Speech gave a crisper picture of how he reads the economy but leaves open questions over Fed ‘reaction function’

VIEW Rate-hike expectations rise on Warsh speech at Jackson Hole  Reuters

Markets want clearer signals on inflation and rate hikes, but Warsh may decline to provide them

Investors want Kevin Warsh, the Fed chairman, to address inflation, interest rates and the bond market in a major speech. Some worry he won’t say enough.

At his July press conference, Federal Reserve Chair Kevin Warsh said that he wants to use his Jackson Hole speech to “frame the big questions.”

Federal Reserve Chair Kevin Warsh delivers his first Jackson Hole address on Friday with long-term borrowing costs elevated, inflation above target and the US Treasury already intervening in bond markets to do what monetary policy has not.

Will Kevin Warsh Tell The Truth About Inflation At Jackson Hole?  Forbes

Eurozone Government Bond Yields Fall as Oil Price Retreats  WSJ

United States · RATES Key Facts —The event: Jackson Hole runs 27–29 August at Jackson Lake Lodge, about 120 central bankers from more than 70 countries. —The debut: Kevin Warsh gives his first keynote as Federal Reserve chair at 10 a.m. New York time on Friday 28 August. —The theme: “Financial Innovation: Implications

Key speech to be delivered this week at Jackson Hole said to focus on productivity and demographics in the US. Plus, how do you vaccinate 1,000 little penguins in the wild? Good morning. The new US Federal Reserve chair, Kevin Warsh, faces a critical test this week amid anxiety in government bond markets over inflation