Analyst: Fed Chairman Powell's speech may focus on the labor market and policy path
3hours ago
According to Odaily Planet Daily, Mabrouk Chetouane, Head of Global Market Strategy at Amundi Investment Management, stated in a report that Federal Reserve Chairman Powell's speech at the Jackson Hole Symposium will likely focus on the labor market and its impact on monetary policy. The theme of this year's symposium is "The Labor Market in Transition: Demographics, Productivity, and Macroeconomic Policy." He noted that the focus of the meeting will be Powell's statement on the US monetary policy roadmap for the remainder of the year. Despite a pickup in inflationary pressures, Powell may need to explain the shift in policy focus to employment targets, while relegating inflation to a secondary priority. (Jinshi)
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