Live from NPR News in Washington, I'm Windsor Johnston.
Federal Reserve Chair Kevin Warsh delivers his first major speech today since taking over the central bank in May.
NPR's Rafael Nam reports investors
and economists will be listening closely for clues about his approach to interest rates and inflation.
Every year, economists and policymakers get together in Jackson Hole, Wyoming,
and Fed chairs traditionally give a speech about the economy, often about what to expect in the month ahead.
But Walsh prefers being vague.
He has said investors rely too much on guidance from the Fed instead of making their own economic assessments.
So investors were disappointed in July when Walsh said his goal was to fight inflation but did not give any specifics.
The question now is, will Walsh...
Offer more clues about his thinking?
Or will he keep things close to his vest and talk instead
about some other major economic theme, like the impact from AI?
Rafael Nam, NPR News.
Nearly six months after military families were evacuated from Bahrain, the U.S.
Navy is laying out what comes next.
During a recent town hall, officials acknowledged they didn't expect the war with Iran to last this long.
Steve Walsh with member station WHRO reports.
Navy leaders tried to answer questions from over 580 dependents
on the call who were evacuated from Naval Support Activity Bahrain shortly after the war began.