Walsh is on Friday's Jackson Hall meeting, and Wall Street is looking for his painkillers for the United States debt

On 24 August, Federal Reserve Chairman Walsh will be attending, for the first time this Friday, in his capacity as President, the annual meeting of the Jackson Hall Central Bank, and the market looks forward to further explaining, through his speech, the policy framework behind the significant forward-looking cuts to ease tensions in the recent United States debt market. Earlier, Walsh’s policy communication reduced the direction of future interest rate paths, and even implied a possible adjustment of inflation targets, raising market concerns about the Fed’s transparency and policy credibility. According to the survey, over 60 per cent of the economists interviewed believed that the Fed ' s credibility crisis had had a significant impact on the soaring rate of return on long-term United States debt. At the same time, the market is concerned about the policy differences between the Fed and the Treasury as they attempt to reduce the cost of borrowing by expanding the buy-back scale of longer-term United States debt, while Walsh appears to acquiesce in a long-term upturn. Analysts warn that failure to release a clear policy signal on Friday may be seen as “disappointing” by the market, further exacerbating long-term United States debt sales, and that a clear definition of potential inflationary pressures is expected to reduce term premiums and ease debt market pressure。