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2024.08.23 23:21

Last Night This Morning: A Recap of Jackson Hole Symposium on August 23

  1. Federal Reserve Chairman Powell announced that the time has come for the FOMC to cut interest rates, opening the door to discussing the magnitude of the rate cut in September.
  2. Federal Reserve Board member Kugler raised several questions about the unemployment indicators. Philadelphia Fed President Harker stated that the future interest rate cut path of the FOMC should be "orderly."
  3. Chicago Fed President Goolsbee believes that the Federal Reserve paying attention to the cooling job market is crucial.
  4. Atlanta Fed President Bostic stated that the speed of inflation change in the United States has exceeded his expectations, and now leans towards the Federal Reserve cutting interest rates more than once this year
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