Powell's Last Jackson Hole Speech Could Be a Big 1
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Fed Chair Jerome Powell outlined the central bank's renewed focus on the labor market in the months ahead, which has big implications for interest rates this year and beyond.
If inflation starts climbing again after a rate cut, “the Fed will have to reverse course—and in the worst case, start hiking again,” Slok said.
Brent Donnelly of Spectra Markets ran a sizeable survey of expectations for Fed Chair Jerome Powell's speech, and of the 473 responses, 51% expect a neutral-to-boring outcome and 43% see a hawkish tint.