CNBC: The Federal Reserve’s efforts to reverse its easy policy will be a dominant theme for markets in the week ahead, as central bankers gather in Jackson Hole, Wyoming.
The central bankers may even look relaxed against the backdrop of the Grand Tetons in the crisp late August air. But they will be under pressure to gently steer toward less policy support, without creating a market tantrum.
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Federal Reserve officials, in numerous recent speeches and interviews, have already managed to speed up expectations for when they could begin to slowly pare back their $120 billion a month in bond purchases. More of that talk is expected at their annual symposium, which begins Thursday.
he Fed chairman’s speech is typically the highlight of the annual event, and various Fed chairs have used Jackson Hole to send important messages. The question is whether Jerome Powell will channel his speech Friday morning to provide more details on how the Fed could begin to unwind its bond buying, and even whether he is personally ready to embrace it.
