Tag Archives: Jackson Hole meeting

Jerome Powell’s speech at Jackson Hole brought limited news, reinforcing our Fed scenario of one quarter-point rate hike per quarter.At the Jackson Hole conference last week, Fed chairman Jerome Powell once again showed his pragmatic and cautious approach to monetary tightening: US rate hikes should continue at a gradual pace, even though the US economy is in strong shape.Powell took a well-trodden path in his Jackson Hole speech, discussing once again the numerous uncertainties around the...

In spite of dilemma, we still think the Fed will announce plans to shrink balance sheet in September and will hike rates again in December.Several Federal Reserve (Fed) officials, and a few foreign central bankers, will meet for their traditional August gathering in Jackson Hole, Wyoming, on 24–26 August. Fed Chair Janet Yellen will give the opening speech on Friday (08:00 local time, 16:00 Geneva), but with neither a Q&A session, nor a scheduled media briefing. Unlike her predecessor,...