Chair Powell will deliver remarks on Friday at the 2018 Jackson Hole conference in a speech entitled “Monetary Policy in a Changing Economy” (10am EDT) and will be a key event for the week, according to analysts at Nomura. Key Quotes “The program for the conference this year, covering “Changing Market Structure and Implications for Monetary Policy,” will be released at 8pm EDT on 23 August.” “Relative to previous speeches by Bernanke and Yellen, we do not expect Powell’s speech to mark a significant milestone in policy or the Fed’s thinking regarding the economic outlook.” “Powell has frequently gone out of his way to emphasize that he wishes to conduct monetary policy in a fashion that the general public will be able to follow and understand.” “Rolling out any innovation during his Jackson Hole speech – at a conference attended by policymakers, academics and journalists, but not the general public – seems inconsistent with his approach thus far. However, there are a number of important issues regarding the Fed’s outlook that Powell could further clarify including the neutral rate, balance sheet reduction, FOMC communication and recent economic developments, particularly with respect to emerging markets.” “Among those topics, as the policy rate is approaching its neutral level, any new information about the desired degree of monetary tightening in the future will be important.” “In the near term, Powell’s views on external shocks associated with trade policy and emerging market turmoil could be important for the number of rate hikes this year.” “Finally, it will be interesting to see whether he provides any hint on the next steps regarding pulling back further from forward guidance-based policy communication.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Germany’s Kloeckner is concerned about the Turkish situation FX Street 3 years Chair Powell will deliver remarks on Friday at the 2018 Jackson Hole conference in a speech entitled "Monetary Policy in a Changing Economy" (10am EDT) and will be a key event for the week, according to analysts at Nomura. Key Quotes "The program for the conference this year, covering "Changing Market Structure and Implications for Monetary Policy," will be released at 8pm EDT on 23 August." "Relative to previous speeches by Bernanke and Yellen, we do not expect Powell's speech to mark a significant milestone in policy or the Fed's thinking regarding the economic outlook." "Powell has frequently gone out… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.