Market Will Be Disappointed By Warsh: Gerrity

Kelley Gerrity expects markets to be disappointed by Fed Chair Kevin Warsh's Jackson Hole speech. She views Jackson Hole as a key near-term catalyst for Fed expectations, rates, and duration. Gerrity argues Warsh will not be overly hawkish but will deliver less than promised, leaving market curiosity unsatisfied. - Kelley Gerrity, fixed income client portfolio manager at Morgan Stanley Investment Management, joins Scarlet Fu. - Jackson Hole is the next important near-term catalyst for Fed expectations, rates, and duration. - Gerrity thinks the market will be disappointed by Chair Warsh's speech. - Questions are mounting, including the latest Treasury announcement. - The bar is high to satisfy market curiosity. - Warsh is expected to deliver less and not an overly hawkish message.