Jerome Powell, Bond Markets And Yields

Like many in the financial circles of New York, New York and Washington, D. C. who wear suits, have haircuts and take the time to look respectable, Fed Chair Jerome Powell sticks, almost habitually, to the basic script. Wandering off too far from the conventional would be taken as shockingly different so Fed watchers listen closely to the “between the lines” meaning, if there is one.

At the weekend Jackson Hole, Wyoming Economic Symposium, he’s unlikely to veer too far from the basic story on inflation and interest rates: that the stickiness of one may become unstuck, eventually, by raising the other. Nonetheless, those on Wall Street who study nuance and pay attention to the differences of exact word usage may find reasons to write updated “actionable ideas” for clients and bosses.