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Friday, August 23, was a wild day in markets, which many market participants had expected. However, the price volatility came from an unexpected source. Fed Chairman Jerome Powell gave a speech at the central bank's annual retreat at Jackson Hole, Wyoming. The address, as well as interviews with the voting members of the Federal Open Market Committee, typically provides a window into their thinking when it comes to monetary policy. The market had expected a more dovish approach from the Fed, leading to further cuts to the Fed Funds rate over the coming months. Overall,