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What we know about Jackson Hole so far: - The...>

FED
FED: What we know about Jackson Hole so far:
- The annual symposium begins 2000ET on Thurs 22nd, runs through Sat 24th.
- Full schedule expected to be released Thurs 2000ET (Fri 0100BST)
- Chair Powell to give keynote Fri 1000ET (1500BST) on 'Challenges for Monetary
Policy'. Text to be released simultaneously (1000ET). No Q&A.
- Broad consensus among analysts` notes we have seen is that Powell will more
likely than not disappoint dovish expectations (i.e. a 50bps cut at Sep FOMC has
been partly priced in recent weeks), while discussing recent developments and
re-emphasising recent language "will act as appropriate to sustain the
expansion".
- Rest of FOMC to be in attendance as customary. Other known participants:
- ECB: Coeure, Lane, Lautenschlaeger
- BOJ: Deputy Gov. Wakatabe
- Sweden Riksbank: Gov. Ingves
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