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Powell speech, August doldrums

Next week the major public policy event will be in Jackson Hole, Wyoming where Chair Powell is scheduled to give a major policy address.

Over the years the gathering at Jackson Hole, organized by the Kansas City Fed, has become the spot for major addresses by Fed Chairs. As is the case most years the FOMC is not having an August meeting, so the Chair’s speech replaces his post-FOMC press conference. Powell speaks next Friday, and much attention will be paid to his remarks.

Under Powell the Fed h...

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