Powell’s Last Stand

Jerome H. Powell said four big things in his much-anticipated final speech as Fed Chair of the Federal Reserve Bank, at the annual symposium hosted by the Reserve Bank of Kansas City in Jackson Hole:

  1. “Fed officials will make their rate decisions based solely on their assessment of the data and its implications for economic outlook and balance of risk: We will never deviate from that approach.” …

A Macro Market View by Hubert Marleau 

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