Warsh won't give any forward guidance at Jackson Hole, markets will remain calm: Former Fed governor

• Markets are not expecting forward guidance or a 'pivot' from Chair Warsh at Jackson Hole.
• Warsh will likely reiterate the Fed's commitment to bringing inflation back to its 2% target.
• He will not elaborate on the specific methods or timing for achieving this, pending findings from ongoing task forces on inflation measurement and economic relationships.
• The market impact of Warsh's speech is expected to be moderate, as expectations are already aligned with his known stance of not 'babysitting' markets.

Former Fed governor Randall Kroszner believes markets should not expect forward guidance or a 'pivot' from Chair Warsh at Jackson Hole. Warsh is likely to deliver a short speech reiterating the Fed's commitment to its 2% inflation target, but without elaborating on specific methods, as task forces are still examining how to best measure inflation and understand economic relationships. Kroszner suggests Warsh is biding his time, looking at the 'bigger picture' rather than reacting to every data fluctuation.