Warsh's Jackson Hole Comments Addressed Investor Concerns
Dow Jones
10 hours ago
0506 GMT - Federal Reserve Chairman Kevin Warsh's Jackson Hole remarks provided the market with what participants hoped for, a more thorough view of the economy and inflation, which appeared to satisfy investor concerns, Aptus Capital Advisors' John Luke Tyner says in a note. Warsh's comments were tilted more hawkish than the message he delivered at the July FOMC press conference, the portfolio manager and head of fixed income says. "His comments indicated that underlying inflation trends have not meaningfully improved, and if they don't improve quickly there is more work to do at the Fed." This reassured market participants that Warsh and team aren't going to sit back and wait even longer for the inflation target to be achieved, Tyner says.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.