Fed Chairman Kevin Warsh faces pressure to show his hand | CNN Business

Washington —

Federal Reserve Chairman Kevin Warsh is set to deliver his biggest speech yet on Friday, but investors may not hear what they want.

Central bankers, finance ministers and policymakers from around the world will gather at the Federal Reserve Bank of Kansas City’s annual economic symposium in Jackson Hole, Wyoming, on Friday. For more than two decades, the Fed’s sitting leader has signaled where interest rates are heading in the event’s keynote address.

But Warsh is expected to break from tradition — a move that might not sit well with investors.

Since becoming chairman three months ago, Warsh has stopped spoon-feeding Wall Street clues on what the US central bank will do next. Meanwhile, inflation has moved higher and some of Warsh’s colleagues are already calling to raise borrowing costs for the first time since July 2023.