New Federal Reserve chair Kevin Warsh has changed how the central bank talks.

He says much less than earlier leaders about the economy and inflation.

Many economists and Wall Street investors are not happy with this way.

On Friday, Warsh will speak at the Fed’s yearly economic meeting in Jackson Hole, Wyoming.

This is a big chance for him to answer those worries.

Economists want a clear sign of how he thinks the Fed should deal with inflation.

Inflation is still above the central bank’s 2% goal.

At his last press meeting on July 29, he confused people.

He avoided repeated questions about whether the Fed would raise its main interest rate if inflation stays high.

Warsh says he does not want to give "forward guidance" about future rate moves.

He argues that this limits the Fed’s ability to change.

Some economists say he could explain his plan without showing his next step.

Warsh has said his speech will focus on "big questions" like AI, productivity, and changes in population.

He has not said whether he thinks "underlying inflation" is getting worse or how he checks it.

He used the Fed’s favorite inflation measure but said that could change next year.

He also said higher rates "could well be part of that solution."

But he would not say if they would be used alone.

President Donald Trump’s calls for lower rates and his efforts to remove Fed governor Lisa Cook have hurt the Fed’s trust, economists say.

Diane Swonk, chief economist at KPMG, wrote that Warsh’s speech is a chance to show independence from political pressure.

Economists say a clearer statement of how the Fed might react if inflation stays high would help.

If Warsh calms worries, long-term interest rates could drop a little.

The 30-year Treasury bond rate hit a 19-year high last week.