Analysis by Thomas Costerg

Senior US Economist
Pictet Wealth Management
27 August 2021

The Federal Reserve held its annual Jackson Hole monetary-policy conference amidst much market anticipation. Chairman Powell confirmed that the Fed could start to reduce its large asset purchases, currently running at 120 billion dollars per month, before the end of the year. But he gave no hints of an interest rate rise anytime soon. Pictet Wealth Management’s Senior Economist, Thomas Costerg, reviews Powell’s speech in this video.