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FT: Fed Chair faces growing pressure before speech
The US Federal Reserve Chairman, Kevin Warsh, is preparing to deliver a speech at the Jackson Hole Conference amid increasing pressures on the US economy due to the rising national debt, which has reached $40 trillion, and bond yields hitting their highest levels in 19 years. Additionally, the impacts of tariffs and tensions with Iran are contributing to the economic environment. It is expected that during his speech, he will clarify his approach to communicating with the markets and explain his stance on interest rates, following a reduction in signals about its future trajectory. Markets are closely watching for the Federal Reserve's next move in light of the current economic situation and geopolitical challenges.
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