All eyes on Yellen at Jackson Hole – ANZ

Research Team at ANZ, suggests that this week Fed Chair Janet Yellen will be speaking at the Jackson Hole symposium and the title of her speech is ‘The Federal Reserve’s Monetary Policy Toolkit’.

Key Quotes

“This will likely be a discussion on conventional and unconventional measures. She may also talk about how monetary policy might evolve given this year’s conference is about ‘Designing Resilient Monetary Policy Frameworks for the Future’.

Yellen could also use the opportunity to jawbone market pricing of the fed funds rate (FFR) higher, given that a number of her colleagues have recently expressed the view that the market is underpricing the potential of Fed tightening. These comments have had limited impact on market pricing.”