• Notes From The Desk | The Jackson Hole Speech

Notes From The Desk | The Jackson Hole Speech Aug 27 2021

Federal Reserve Chairman Jay Powell has achieved an amazing outcome. His highly anticipated speech this morning was a masterpiece of optimism and calmness.

· Tapering is expected later this year, with the exact timing dependent on the impact of delta. No panic in bonds and equities make new highs.
· Hiking is not on the table for now
· Jobs remain the focus

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