Powell revives talk of ‘Fed put’, The next decade of finance
Commentary: Powell revives talk of ‘Fed put’
By Darrell Delamaide in Washington
The Federal Reserve’s two-day Chicago conference at the start of June was supposed to be a quiet, semi-academic review of monetary policy strategy, without generating any market-moving news. But monetary policy-makers don’t always get to pick their moments, and Fed Chair Jerome Powell moved markets with just a few words when he spoke at their early June gathering. His concession in Chicago revived talk of a ‘Fed put’ – that the Fed would cut rates to prevent any substantial decline in the stock market.
Read the full commentary on the website.
Meeting: The next decade of finance
Tuesday 9-Wednesday 10 July, St. Louis, Missouri
A decade after the financial crisis, the Federal Reserve Bank of St. Louis and the OMFIF Foundation organise an international gathering to look at themes such as household debt, financial inclusion, sustainable investment and the role of technology in employment and education. The goal is to analyse the societal, political and economic impact of the financial crisis and develop thinking on future prospects for global growth through meaningful dialogue.
Request to attend the meeting.