Fed chief Powell confronts policy crossroads with all eyes on Jackson Hole

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Fed chief Powell confronts policy crossroads with all eyes on Jackson Hole - Business Standard

Quick Summary:

Since the market’s spasm in early August, bond traders have trimmed their rate-cut expectations as risk assets have rebounded and recent data — including figures pointing to a continued low level of layoffs and a resilient US consumer — have suggested the economy is not falling off a cliff.

A key question for those watching Powell, particularly in bond markets, is whether another lackluster jobs report would open the door to a jumbo-sized cut next month, or force the Fed to take an aggressive approach to cutting rates in the months that follow.

It also comes as officials pay increasing attention to the cooling labor market after years of laser focus on price pressures.“The question is: Will we have a policy error?