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The Federal Reserve chair's annual Jackson Hole speech arrives Friday, with Chairman Kevin Warsh set to deliver the address markets watch for signals on monetary policy.
Prior Fed chairs have treated the platform as an opportunity to lay out broad policy frameworks and longer-run intentions, a pattern that has given the speech weight well beyond a typical scheduled appearance.
That precedent is what the setup going into Friday reflects. When a sitting chair takes the Jackson Hole podium, the convention has been to use it for something more than near-term guidance.
It becomes a moment to frame how the committee intends to operate at a longer horizon. Warsh, as the current chair, walks into the same set of expectations his predecessors shaped.
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