Now: Powell will hold the Stance at Jackson Hole
Jackson Hole Symposium this year will start this Friday and the main focus for this year is the constraints caused by the pandemic on the growth of the economy of the local and global business. The main topic will be focus on more about the supply considerations as the imbalance and shortage of supply have led to a surge of demand in which push the inflation globally.
People will pay more attention to the Powell as his statement will decide the path will be taken by the FED. According to the economist from the Goldman Sach, Powell will likely maintain the same stance as he mentioned before in July. He will stress out that FED is committed to lower the inflation and there is no actual forward guidance as the policy will be decide meeting by meeting according to the latest economic data.
24 August 2022