Federal Reserve Chairman Kevin Warsh planned to discuss broad economic ideas at the Jackson Hole symposium. However, recent market volatility has forced him to address more immediate concerns. He faces pressure to clarify the Fed's stance on inflation and potential interest rate hikes. Markets are unsettled by the Treasury's recent interventions in bond and currency markets. Investors have grown frustrated with Warsh's typically vague policy pronouncements. Traditionally, Jackson Hole speeches deliver significant, long-range messages. Warsh himself endorsed this approach, wanting to focus on "big questions" rather than tactical details. The bond market's reaction after his last FOMC meeting highlighted concerns about his commitment to price stability. The Treasury's actions to support the yen and long-term bonds also raise questions about the Fed's role in market interventions. Economists believe Warsh must explicitly state the Fed's intention to raise rates if inflation doesn't decline to regain market confidence.