POPA ReconThe next big event is Warsh at Jackson Hole. There are two types of Jackson Hole confabs: The big market moving monetary policy ones, and…
The next big event is Warsh at Jackson Hole. There are two types of Jackson Hole confabs: The big market moving monetary policy ones, and the boring academic ones. Given Warsh’s preference to avoid forward guidance, there is almost no chance this becomes the old “we are signaling a hike in September” type of thing that was common in the Draghi, Bernanke, Powell eras. The title of the conference “Financial Innovation: Implications for Payments and Policy” doesn’t lend itself to any monetary policy surprises, either. The skill move from Warsh would be to present a 15-minute speech about how new…
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