(Bloomberg) -- US stocks and Treasuries drifted as investors waited for Federal Reserve Chair Kevin Warsh to speak at Jackson Hole, looking for clarity on his economic outlook and strategy for bringing inflation back to target.

Strategists said investors were approaching Jackson Hole “on the back foot."

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…

Federal Reserve Chair Kevin Warshs first Jackson Hole speech comes as markets grapple with sticky inflation, elevated oil prices and shifting rate expectations. Investors will…