[Institution: Walsh's Speech Faces Four Major Communication Goals] Odaily Planet Daily News – Samarra Hammoud, a foreign exchange strategist at the Commonwealth Bank of Australia (CBA), stated that Federal Reserve Chair Walsh's speech at Jackson Hole will aim to achieve four main goals, including: restoring market confidence in the Fed's commitment to curbing inflation; alleviating market concerns about 'fiscal dominance'; convincing the market that reducing reliance on forward guidance will not harm financial stability; and boosting market confidence in the Fed's various working groups. These goals are quite ambitious, and the market should remain skeptical, believing that communication alone is insufficient to achieve them. Given Walsh's aversion to forward guidance, the market may perceive his stance on inflation as not being tough enough. In this scenario, the U.S. dollar may weaken. (Jin10)
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