Fed Chair Warsh sticks to lean messaging as markets react

Fed chair Kevin Warsh plans to maintain a pared‑back, guidance‑light communications strategy despite a market sell‑off spurred by limited policy details; aides say the lean approach reduces missteps and preserves inflation credibility, even as inflation remains above 2% and markets price in potential September rate moves and balance‑sheet actions, with a Jackson Hole speech expected to outline the framework.