McGeever: Jackson Hole Warsh speech sparks relief, confidence still lacking
Jamie McGeever says markets’ reaction to Federal Reserve Chair Kevin Warsh’s Friday Jackson Hole speech was “relief,” but not confidence. McGeever argues more work is needed to regain confidence.
By Jamie McGeeverIf financial markets’ reaction to Federal Reserve Chair Kevin Warsh's eagerly anticipated speech on Friday can be summed up in one word, it is "relief." But relief should not be mistaken for confidence.
To regain that, he has much more work to do.Addressing the Kansas City Fed's an…