Investors globally are eyeing the Jackson Hole Symposium 2022 intently to get some insight into what the near future might look like. The event, which marks the Symposium’s 45th year, will focus on the theme Reassessing Constraints on the Economy and Policy. The Kansas City Fed President Esther George said, “This year’s theme discusses constraints as one of the central elements of the current policy environment. Strong demand and insufficient supply have pushed inflation up around the world.”

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Prominent central bankers, finance ministers, academics, and financial market participants from around the world will meet at the event for discussions around employment, potential output, and fiscal constraints. Investors await US Federal Reserve Chair Jerome Powell’s speech on Friday to get some light on the Fed’s monetary policy tightening path.

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When and where to watch the Jackson Hole Symposium?

Federal Reserve Chairman Jerome Powell’s address will be streamed on the Kansas City Fed’s YouTube channel ‘KansasCityFed’ on Friday, August 26 at 7:30pm IST.

The complete agenda is available at the Federal Reserve Bank of Kansas City website. Documents and other materials will be uploaded on the website as they are presented during the event.

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What are the expectations?

The US Fed Chair’s speech gives a chance to Powell to “reset expectations in financial markets,” according to a Bloomberg report. He will likely avoid indicating how much the Fed will raise rates in the upcoming meeting.

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According to economists, the US Fed Chair will emphasize bringing down the high US inflation rate even if it means a recession. “The core message will be the Fed’s dogged determination to bring inflation down even though they know they’ll be running substantial risks of a weaker short-term growth outlook than they would like,” a MarketWatch report quoted Lou Crandall, chief economist of Wrightson ICAP, as saying.

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Little guidance is expected on the policy rates. According to a Reuters report, anything more than spelling the fight against inflation, especially on quantitative tightening and reducing the US Fed’s near-$9 trillion balance sheet, will be avoided.