Federal Reserve Chair Kevin Warsh’s first Jackson Hole speech has put the spotlight back on a question that matters well beyond US interest rates: how much are investors willing to pay for growth when the global cost of capital stays high?
Kevin Warsh’s first Jackson Hole speech as Federal Reserve chair has put a familiar question back on the table for global investors: how much should they pay for growth when the world’s most important central bank is signalling that inflation still matters more than markets may want?
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