Jackson Hole, Wyoming, a sleepy fly-fishing town outside Grand Teton National Park, is swarming with central bankers, top economists, and financial leaders this week for the annual Economic Policy Symposium held by the Federal Reserve Bank of Kansas City. On Friday morning in a highly anticipated speech, Fed Chair Kevin Warsh made it clear he believed policy was not restrictive enough to fight inflation.Since being appointed, Warsh has been vocal about his dislike of forward guidance, and yet he seems to have signaled about the future in his speech this morning. Catherine Rampell, economics editor at The Bulwark and anchor at MSNOW, and Stacey Vanek Smith, senior economics writer at Bloomberg Businessweek, joined “Marketplace” host Kristin Schwab to discuss Warsh’s remarks at Jackson Hole, inflation, and the rest of the week’s economic news for the Weekly Wrap. Click the audio player above to hear their conversation.
Was that forward guidance we just heard from the Fed Chair?
Fed Chair Kevin Warsh gave remarks at the annual Jackson Hole Economic Policy Symposium on Friday morning. The speech seemed to signal that the Fed will have to raise rates.
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