Don't miss it! Powell is about to reveal the mystery of monetary policy. How will the market respond?
The minutes of the Federal Reserve meeting have just passed, and the highlight of this week is here again - the Federal Reserve's Jackson Hole Annual Meeting is about to be staged. This conference will be held from Thursday to Saturday (August 22 to 24) at the Jackson Lake Lodge in Grand Teton National Park, Wyoming, USA. The scenery is beautiful.
According to the latest arrangement of the Federal Reserve, at 10 pm on August 23, Beijing time, the head of the Federal Reserve, Powell, will talk about the economic outlook at this annual meeting. This speech will be broadcast live directly, but it will be over after the speech, and there will be no question session.
Speaking of which, the Jackson Hole Annual Meeting is an old central bank conference with a long history. It is called the "Davos Forum for Central Bank Governors". It is held between August and September every year to discuss the most important things about the global economy and monetary policy.
Now that the global economic recession is looming, central banks of various countries are thinking about how to adjust their policies. Therefore, this central bank meeting, especially Powell's speech, is a hot topic in the eyes of global investors, and they are all waiting with wide eyes.
In the market, everyone guesses that Powell's speech will definitely reveal some signs of monetary policy. Let's wait and see!
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