Federal Reserve Chairman Jerome Powell delivered his address to the Federal Reserve’s annual policy conference in Jackson Hole, Wyoming. It was short, direct, cautionary, and hawkish. The key points were:
The Fed has an “overarching focus right now to bring inflation back down to our 2 percent goal” via “… forceful and rapid steps to moderate demand so that it comes into better alignment with supply.”
Lower month-month inflation in July “… falls far short of what the Committee will need to see before we are confident that inflation is moving down.”
The Fed, in looking at “high and volatile inflation of the 1970s and 1980s, and from the low and stable inflation of...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
