Fed Chairman Powell has been silent as bond markets see recession and interest rate cuts

It is often the unsaid that deserves the most attention.

Federal Reserve Chairman Jerome Powell’s decision to sidestep the issue of inflation and interest rate hikes during this week’s central bank conference in Stockholm could be as important as his Jackson Hole speech in late August, as markets bet against his earlier hawkish signals. a summer rally with gloomy forecasts and a promise of continued tightening.

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