Kevin Warsh Owes Us an Apology by Marco Buti & Marcello Messori
After only a few months in office, the chair of the US Federal Reserve has left market participants disoriented and confused. His first address to the annual monetary-policy symposium in Jackson Hole is an opportunity to set things aright—or to make matters even worse.
FLORENCE—“Dear participants, I would like to apologize for the uncertainty I have created.” That is how Kevin Warsh, the recently installed chair of the US Federal Reserve, should begin his remarks at this year’s central-banking symposium in Jackson Hole, Wyoming.
