The day we've all been waiting for has finally arrived as Jerome Powell prepares for his keynote speech at Jackson Hole.
I have no doubt Powell will have chosen his words very carefully today, all too aware of the consequences of even the smallest deviation in his intended message. It's a little ridiculous that markets put so much weight on such things but that is the situation we are in and I expect the Fed Chair will be very clear in the message he wants to send.
The difficulty for Powell stem
26-08-2022 06:45 GMT
by Craig Erlam