New Fed Chair to deliver key Jackson Hole speech

Kevin Warsh, who recently took over as chair of the Federal Reserve, is set to deliver a highly anticipated address at the annual Jackson Hole symposium. Historically, this venue has been used by Fed chairs to signal major policy pivots or reaffirm existing direction. Markets will scrutinize Warsh's tone for clues on the pace of future rate cuts and his read on inflation risks. Given recent remarks from other Fed officials describing inflation as 'sticky,' investors worry the new chair may adopt a more cautious stance. The speech's outcome could meaningfully move the dollar, bond yields and global equity markets in the weeks ahead.