Powell’s Statement Offers Little Beyond Familiar Phrases

08/27/2021

Going into the virtual Jackson Hole economic symposium, expectations had emerged that clear direction on a taper timeline would be revealed. In his prepared speech this morning, Fed Chairman Jay Powell squashed this notion, trotting out an assortment of tried-and-true phrases that ultimately amounted to nothing at all. Chairman Powell seemingly managed to counterbalance every positive with a lingering risk, describing the recovery as "vigorous but uneven," and employment gains as "faster than expected," while unemployment remains "much too high."

 

Read the full article

Read more Economic Commentary

Learn More From HilltopSecurities

Housing Starts Accelerate to Fill Severe Shortage of Homes

Economic Data Dismissed as All Ears Turn to Powell

Thank you for visiting the HilltopSecurities website.
For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.