- This year’s global symposium of central bankers, policymakers, and academic economists in Jackson Hole, Wyoming, comes at a very important juncture for Federal Reserve Chairman Jerome Powell.
- The most recent Federal Open Market Committee meeting minutes showed that officials have started to discuss when and how to “taper,” i.e., to start reducing asset purchases.
- Investors should be prepared for increased volatility as the markets try to interpret and anticipate the likely changes in policy regime.
For further details see:
On My Mind: Leaving QE, Never Easy