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Article on tag "Jerome Powell"

What are the lasting results of the central bank meeting in Jackson Hole?
What are the lasting results of the central bank meeting in Jackson Hole?
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What are the lasting results of the central bank meeting in Jackson Hole?

At the annual meeting of central bankers in Jackson Hole Federal Reserve Chair, Jerome Powell, summed up the uncertain environment as “navigating by the stars in a cloudy sky”. This relates, among other things, to the uncertainty about the level of the neutral interest rate, the lagged effect of key-lending rate hikes on economic growth and inflation, and the drivers of inflation.

Conditionally positive economic news
Conditionally positive economic news
ANDREW KELLY / REUTERS / picturedesk.com

Conditionally positive economic news

Last week, positive economic data brought back some confidence. The global purchasing managers’ index, one of the most important survey-based economic reports, rose for the third time in a row. On the other hand, the latest inflation reports dampen hopes of a rapid decline in inflation without additional key rate hikes.