All Eyes Are on Jackson Hole, but Does It Really Matter?
Every year in late August, the Federal Reserve Bank of Kansas City holds its Economic Policy Symposium. (Told you it was for nerds.) And every year at the symposium, the Federal Reserve chair delivers a closely watched speech. As we sit on the cusp of the first interest-rate cut since the Fed started raising rates in March 2022, Jerome Powell’s speech at 10:00 a.m. ET tomorrow will be among the most watched and picked apart in years. It will be watched closely because investors want clarity about rate policy – specifically that a cut is coming at the mid-September meeting.
