Seeking Clarity From Fed’s Powell? Good Luck With That

www.oann.com | 7/31/2019 | Staff
trainman (Posted by) Level 3
JACKSON HOLE, Wyo. (Reuters) – When Federal Reserve Chair Jerome Powell speaks in Jackson Hole, Wyoming, on Friday, traders will comb through his remarks for clues on whether the U.S. central bank will deliver more rate cuts this year.

They may be disappointed.

Reputation - Person - US - Bank - Decades

For all his reputation as the most plain-spoken person to run the U.S. central bank in decades, if not ever, Powell may be reluctant in his remarks to fellow central bankers at this year’s Kansas City Fed economic symposium to say much about where rates will go. The reason: he may not actually know, and does not want to get locked in.

Fellow Fed policymakers, even those who supported July’s rate cut, are signaling reluctance to do more, with Philadelphia Fed chief Patrick Harker calling for a wait-and-see approach and Dallas Fed chief Robert Kaplan saying he is “open minded” but would “like to avoid having to take further action.”

Fed - Cut - Rates - July - US

Since the Fed cut rates in July, the U.S. economic picture has darkened.

New threats by President Donald Trump to impose additional tariffs on China, and then a decision to defer some of those new taxes until December, are boosting already heightened uncertainty for businesses.

US - Factory - Activity - Decline

U.S. factory activity is on the decline.

Globally, dozens of central banks are cutting rates and some economies look poised to fall into recession.

Signal - Investors

Finally, in a signal that investors...
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Why do democrats never have to face the reality of what's on the ground, like 2000 years of marriage.
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