Jackson Hole: More Focus on Monetary Policy Tools than on Interest Rates

The symposium begins on August 22

Date:

Autor: Rocío Martínez

The speech by the Federal Reserve Chairman will be the highlight of the event and is scheduled for Friday

Bank of America: "Fed chairs tend to keep a low profile at Jackson Hole, and the easiest course for Powell would be to repeat his July message."

George Curtis (Vontobel): "The data points to a slowing economy that is still growing, and Powell will emphasize this on Friday."

David Kohl (Julius Baer): "This year's symposium will offer fewer insights into the path of interest rates and will focus more on the appropriate tools for monetary policy."

Jean-Paul van Oudheusden (eToro): "It is likely that Powell will highlight the success in controlling inflation and prepare the markets for a possible rate cut in September."

James McCann (abrdn): "Powell might indicate that interest rate cuts are on the horizon, but the speed and extent of the easing remain uncertain."

Guy Stear (Amundi Investment Institute): "There is a possibility that investors might be disappointed by the comments if reference is made to the stickiness of inflation."

Martin Wolburg (Generali AM): "July's inflation data gives some ammunition to the ECB's 'hawks,' but the rate-cutting process will continue."