It was certainly the main highlight of the traditional summer meeting of the annual central bankers in Jackson Hole, Wyoming. The speech of the chairman of the powerful Fed, Jerome Powell, was in effect the markets in suspense for several weeks. If no one expected the announcement of a monetary policy decision - this was neither the place nor the time, analysts were hoping to get new clues on the policy of the american central bank for the next few months.
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In the language is very coded central bankers, Jerome Powell is being delivered to a few assaults to foil speckled the address of Donald Trump, who has been trying for weeks for him to twist the arm so that it may ease its monetary policy. The boss of the Fed has promised, once again, of"acting appropriately to protect the american growth". After a rate-cut ...