Jackson Hole Likely to Focus on Understanding Longer-Term Fed Policy Direction
Dow Jones
Yesterday
0544 GMT - The Kansas City Federal Reserve's Jackson Hole symposium is likely to be less about immediate policy decisions and more about understanding the longer-term direction of monetary policy, central bank thinking and the implications for investors, Isio Investment Management's Ajith Nair says in a note. "While markets will naturally be focused on interest rates, the bigger story this year is Kevin Warsh's first appearance at Jackson Hole as Federal Reserve chair and what it may reveal about his vision for the future of the Fed," the CIO says. One of the most notable shifts under Warsh's leadership has been his apparent desire to reduce the market's dependence on Federal Reserve forecasts and policy projections, and Jackson Hole could reinforce this approach, Nair says.
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