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MNI Jackson Hole Preview–Powell May Clarify But Not Pre-Commit

MNI Jackson Hole Preview 2021

EXECUTIVE SUMMARY:

  • Without reaching FOMC consensus since an indecisive July meeting, it doesn't make sense for Powell to 'pre-commit' to a taper timeline at Jackson Hole.
  • Instead, expect to hear Powell repeat many recent talking points, and provide more clarity on some issues surrounding policy normalization.
  • MNI's Preview of Jackson Hole includes a media schedule for the event, sell-side analysis, a run-down of recent Fed communications, and our policy team's interview with ex-Fed officials on what to watch for at the symposium.

FOR FULL PDF ANALYSIS:

FedJacksonHPreview2021.pdf


Source: Citi, BBG, MNI

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