The Economist.
Good day.
My second FOMC committee meeting as chairman has come quickly.
It's probably too early to call it a streak, but our discussions again were collegial and...
Back in July, the new Fed Chair, Kevin Warsh, delivered an unusually tight-lipped press conference,
one that gave fuel to his detractors.
There really was virtually no information about how the Federal Reserve is thinking about monetary policy.
The silence of Warsh was really quite deafening.
There was a loss of credibility from that press conference.
Then, in August, Warsh faced another problem, this time from the Treasury.
Scott Bessent, the Treasury Secretary, taking another action to try and drive down long-term bond yields
by doubling the Treasury's intervention in the long end of the bond market.
But analysts are skeptical and it could complicate the job of Fed Chairman Kevin Warsh.
That put a lot of pressure on Warsh
as he gave his maiden speech at Jackson Hole as Fed Chair.
But how did it land in the room?
This week, our acting economics editor Archie Hall sends us his postcard from Jackson Hole.
You're listening to Money Talks from The Economist,
our weekly podcast on the markets, the economy, and the world of business.
In Washington, DC, I'm Alice Fulwood.