The Hawk's Whisper: Warsh's Unspoken Message at Jackson Hole The silence following Federal Reserve Chair Kevin Warsh's speech at the annual Jackson Hole conference last Friday was not solely a result of his "quieter Fed" approach.
It also reflected the subtle hawkish tone he conveyed, reiterating concerns about inflation that have been growing with each passing day.
Warsh emphasized the "hall of mirrors" problem, highlighting the precarious relationship between the Fed's forward guidance and market prices.