Following his big speech at the annual meeting of global central banks in Jackson Hole, Wyoming last week, Federal Reserve Chairman Kevin Walsh appeared in Asheville, North Carolina this Monday to attend the G20 finance ministers and central bank governors meeting. According to reports, Walsh is expected to deliver welcome remarks at various sessions of this meeting, but there is currently no indication that he will make new comments on monetary policy in Asheville. Walsh's current appearance attracted market attention. The background was his “hawkish” statement at the Jackson Hole annual meeting last week. In that speech, which was seen as an important policy framework statement for his 100 days in office, Walsh clearly stated that if underlying inflation fails to fall back to the Fed's 2% target with sufficient clarity and speed, the possibility of further interest rate hikes is not ruled out. This statement quickly triggered a sharp shock in the market, leading to a sharp rise in the probability of interest rate hikes in September, higher US bond yields, and a fall in gold prices. The market is watching closely to see if Walsh will further explain its anti-inflation stance during the G20 period.

Following his big speech at the annual meeting of global central banks in Jackson Hole, Wyoming last week, Federal Reserve Chairman Kevin Walsh appeared in Asheville, North Carolina this Monday to attend the G20 finance ministers and central bank governors meeting. According to reports, Walsh is expected to deliver welcome remarks at various sessions of this meeting, but there is currently no indication that he will make new comments on monetary policy in Asheville. Walsh's current appearance attracted market attention. The background was his “hawkish” statement at the Jackson Hole annual meeting last week. In that speech, which was seen as an important policy framework statement for his 100 days in office, Walsh clearly stated that if underlying inflation fails to fall back to the Fed's 2% target with sufficient clarity and speed, the possibility of further interest rate hikes is not ruled out. This statement quickly triggered a sharp shock in the market, leading to a sharp rise in the probability of interest rate hikes in September, higher US bond yields, and a fall in gold prices. The market is watching closely to see if Walsh will further explain its anti-inflation stance during the G20 period.