Jackson Hole talking point 27-28 Aug -
Powell will discuss the Fed’s monetary policy framework review - a review it
has been undertaking for nearly two years into how it conducts monetary policy
- on the opening day of the Kansas City Fed’s annual symposium on Thursday.
Many Fed Governors have made speeches hinting at softening the inflation
target. The expectation of Powell adjusting its inflation target this
Thursday could explain why the bond market lack of reaction to last week’s US
inflation data which surprised on the upside. The affirmation of loose monetary
policies for a longer term could stoke stock and gold prices next week. It’s
will be worth watch Jackson hole next Thursday .