Will Jerome Powell dare to speak out?
What is better, to watch and see or to speak out and persuade the doubting FOMC officials? What will Jerome Powell choose in Jackson Hole? The markets are anticipating his speech as a clue. They ignored the minutes of the Fed’s and the ECB’s meetings as well as the report on the euro-area PMI. The last two events made the EUR/USD jump up and down but didn’t draw the pair outside the short-term consolidation range of 1.1165-1.122.
Controversial economic data, warning signals from the market and divisions between the FOMC members allow Powell…
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