Jackson Hole Nugget: “Structural Shifts in the Global Economy”
My thoughts ahead of the action in Jackson Hole, Wyoming over the next 48 hours.
The full agenda will be released later 8 p.m. ET/6 p.m. MT. Jerome Powell’s remarks will be streamed at 10:05 a.m. ET/8:05 a.m tomorrow.
When you label the conference “Structural Shifts in the Global Economy.”, wouldn’t it be weird for Powell to neglect such a headline by saying that “no, inflation has not structurally change and it will go back to target from here”?
It leaves two scenarios on the table ….
The Jackson Hole conference is a very binary event with the theme of the conference being “Structural Shifts In The Economy”. Will the Fed take the opportunity to talk about a higher inflation target or will they try to kill all hopes of lower interest rates in to 2024? It is either or!
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