Here’s what Powell could say at Jackson Hole to soothe the roller coaster markets
From cnbc.com
If the markets get their way, Fed Chairman Jerome Powell will use the Fed’s Jackson Hole symposium to clarify whether the Fed is at the beginning of a serious rate cutting cycle — or just intending to cut a few times, as insurance against a possible downturn. Powell speaks Friday morning to kick off the Fed’s annual Jackson Hole symposium in Wyoming, and that event is the main focus of markets in the week ahead. The Fed also releases the minutes of its July meeting Wednesday afternoon, and it is expected to detail discussions around its decision to cut interest rates last month for the first time in more than a ...
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