El Elliot: Federal Reserve Chairman Walsh spoke at Jackson Hall in response to market concerns

The Chief Adviser of the League, Erleian, stated that the first speech by Federal Reserve Chairman Kevin Walsh in Jackson Hall was clear and robust, responding to the market ' s concerns about economic conditions, double mission risks and inflation targets. Walsh explained that forward-looking guidance was beyond its scope and warned of mirror maze risk, while defining artificial intelligence as a new factor of production and exploring long-term structural problems for economic and policy effectiveness。