Here’s why Warsh’s Jackson Hole speech is a major event for bitcoin and gold
Warsh’s Jackson Hole speech could shape expectations for Fed support of Treasury buybacks, with implications for bitcoin, gold and long-term yields.
Source: CoinDesk
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DW NOTE
Warsh hasn't run the Fed since 2011 and isn't giving the Jackson Hole keynote — Powell is. The piece is about what Warsh *might say* if asked to speak. Treasury buyback programs don't drive bitcoin or gold; they're a mechanical swap of short-dated debt for long-dated debt at prevailing yields. The actual macro backdrop — oil down 26%, gold up 37%, Hormuz still shut — matters more than hypothetical speeches by former officials.