Analyst Pin-board: Jackson Hole FED Summit: Challenges for Monetary Policy
Last week, there was an annual economic policy symposium hosted by the Federal Reserve Bank of Kansa City in Jackson Hole, Wyo. The FED chairman, Jerome H. Powell, delivered a speech on the FED’s question answering process throughout the last century. Although the market was a little bit disappointed by no clear signal of September’s next rate cut which has been priced in, we’d like to concentrate on FED’s policy-making process which is marked by changes in the assessment framework and toolkit to maximize employment and price stability, and sustain the expansion now.
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