[FT: Walsh and Besant Face Significant Policy Communication Pressure as Market Focuses on Jackson Hole Speech] BlockBeats News, August 24, according to the Financial Times, Federal Reserve Chairman Kevin Walsh will attend the Kansas City Fed's Jackson Hole annual symposium this Friday for the first time as Fed Chair and deliver a speech. The market is closely watching how he will reassure investor sentiment and further elaborate on the Fed's new policy communication framework. Recently, signals of economic pressure in the United States have been mounting. U.S. public debt surpassed $40 trillion this week, and long-term Treasury yields have risen to their highest levels in 19 years. Meanwhile, former President Trump announced that reciprocal tariffs on Canada will take effect in a few weeks, and the U.S. has also threatened to impose an "economic D-Day" on Iran, both of which could further exacerbate the downward pressure on the U.S. economy. Against this backdrop, Walsh and U.S. Treasury Secretary Besant are facing increasing policy communication pressure. Some investors believe that Besant's sudden announcement this week to expand the U.S. Treasury buyback program has undermined the credibility of the Treasury's policy guidance. At the same time, since taking office, Walsh has significantly reduced policy communication between the Fed and investors, drastically cutting back on policymakers' guidance regarding the future path of interest rates. As a result, the market is paying close attention to his Jackson Hole speech, where Walsh is expected to explain his more streamlined communication approach and the underlying policy framework. Market participants believe that Walsh's speech will not only influence investors' expectations for the Fed's future interest rate policies but could also serve as a critical opportunity to stabilize market expectations amid the current backdrop of slowing U.S. economic growth and rising fiscal pressures. [Original Link]