Central bankers from around the world are gathering in Jackson Hole, Wyoming, for the Federal Reserve Bank of Kansas City’s annual two-day gathering. Before the meeting officially gets underway Thursday evening, officials including Philadelphia Fed President Patrick Harker and his Boston Fed counterpart, Susan Collins, will comment ahead of Chair Jerome Powell’s opening speech Friday.
Investors will parse everything out of the symposium for clues on the outlook for interest rates, which the Fed in July lifted to a range of 5.25% to 5.5%, the highest level in 22 years.
In addition to US policymakers, European Central Bank President Christine Lagarde will speak Friday in her first major remarks since officials raised interest rates on July 27 but left future decisions dependent on fresh data. With investors split on whether there will be another hike there as well, they’ll listen closely for any clues on the outcome of the next policy meeting in September.Former Federal Reserve Bank of St.
“This reacceleration could put upward pressure on inflation, stem the disinflation that we’re seeing and instead delay plans for the Fed to change policy,” Bullard said Thursday during an interview with Bloomberg Television ahead of the Kansas City Fed’s annual economic policy symposium in Jackson Hole, Wyoming.
Bullard, who resigned last month to become dean of Purdue University’s business school, was an influential voice at the Fed who called for aggressive interest-rate hikes to fight the recent inflation surge.
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