Bloomberg Surveillance · Friday, August 28, 2026
Claudia Salm of New Century Advisors believes Fed Chair Kevin Walsh's Jackson Hole speech is a crucial opportunity to demonstrate his leadership and vision for tackling inflation. While not expecting a backtrack on major ideas or explicit forward guidance, Salm anticipates Walsh will focus on building consensus and showing he is leading a team rather than acting unilaterally.
“I don't expect him to backtrack on his kind of big ideas. I don't expect us to get forward guidance. We're not going to get a big lead on September 11th. But I do expect him to show that he's building a consensus.”
“It's a big transition to go from the outside critic to the leader of the institution. I would expect it to be Bob Lee, but I also expect him to bring it today.”