New US Fed Chair Kevin Warsh faces bond market scrutiny ahead of Jackson Hole speech
Incoming US Federal Reserve Chair Kevin Warsh faces market anxiety over inflation and fiscal plans as he prepares for his first Jackson Hole conference speech, where he is expected to focus on productivity rather than short-term rate hints.
- Kevin Warsh is preparing to deliver his key speech at the Jackson Hole conference.
- Warsh has signaled reluctance to drop traditional rate-cut hints in his speech.
Part of the storyline: Will the Fed raise rates again?
Sources
- MarketWatch — Yields are the highest they’ve been in years — but are bonds cheap enough to buy? Two strategists disagree.
- The Guardian — First Thing: New Fed chair Kevin Warsh faces early test amid bond market worries
- CNBC — Santoli: Why all the fuss about bond yields is happening now
- CNBC — Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said
- The Guardian — The treasury bond mess: is this the demise of the US as a safe haven?
- Semafor — Bessent’s bond market move draws fire from investors
- Yahoo Finance — Bond Yields Rise Despite Treasury Efforts to Curb Borrowing Costs
- Yahoo Finance — Bond yields head higher again, giving back almost all gains since Treasury Department intervention