Derby’s Take: Economists See Powell Quashing Hopes for Rate Cuts Over Long Term
Economists believe that when Federal Reserve Chairman Jerome Powell speaks on Friday at the annual Jackson Hole research conference, he will need to thread a needle between signaling what the central bank must do soon regarding interest rates and what it needs to do with rates over the longer run.
Addressing those questions means conditioning market expectations for the size of an almost certain interest rate increase in September, and what the Fed plans to do with rates longer term when recession worries are running high and markets are already considering rate cuts.
Economists believe that when Federal Reserve Chairman Jerome Powell speaks on Friday at the annual Jackson Hole research conference, he will need to thread a needle between signaling what the central bank must do soon regarding interest rates and what it needs to do with rates over the longer run.
Addressing those questions means conditioning market expectations for the size of an almost certain interest rate increase in September, and what the Fed plans to do with rates longer term when recession worries are running high and markets are already considering rate cuts.
Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.