A · Important
[Former Federal Reserve official commented sharply on Warsh’s speech: It may pave the way for an interest rate hike in September] On August 30, Federal Reserve Chairman Warsh delivered an important speech at the Jackson Hole annual meeting, but did not give clear forward policy guidance, saying that the U.S. economy was improving, the labor market was fully employed, but inflation was still too high. In this regard, former Fed Vice Chairman Blinder believes that this statement is another kind of forward guidance, which may indicate a preference for raising interest rates. After Warsh's speech, the market expected that the probability of the Federal Reserve raising interest rates in September rose from 35% to about 60%.
Comments