Kevin Warsh, the new Federal Reserve Chair, will deliver his inaugural keynote at the Jackson Hole symposium on August 28, amid record bond yields and inflation remaining above the 2% target for more than five years. The July FOMC meeting minutes revealed a historic 9-3 split among policymakers, the widest division in roughly two decades, making the monetary policy timeline particularly uncertain. The 30-year Treasury yields have climbed to approximately 5.2%, a level not seen since 2007. Warsh has convened 15 external experts to evaluate the Fed’s monetary policy framework, with recommendations expected by the end of 2026, fueling speculation about a possible abandonment of the average inflation targeting strategy.
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