New Overnight Developments Abroad - Daily Update
Powell Predictably Didn’t Pull Any Punches in Jackson Hole Speech
August 26, 2022
The tone of Fed Chairman Powell’s keynote address today at the Jackson Hole Symposium was hawkish in spite of data released earlier in the day that revealed a larger July downtick in inflation than was forecast. Monetary policy will err toward restraint until officials are very sure that inflation is returning all the way to […] More
