There has been a lot of market movement since Fed Chair Powell’s Jackson Hole speech last Friday.
- What did Powell say about interest rates?
2. What did the article say that Powell’s speech is trying to remind people about?
3. How high do you think interest rates will be raised?
4. What do the “talking heads” in the video think will happen?
Chappattta, B. (2022) Powell’s 8-Minute Speech Erases $78 Billion From Richest Americans. Bloomberg.com, August 26 (Retrievable at https://www.bloomberg.com/news/articles/2022-08-26/powell-s-jackson-hole-speech-erases-78-billion-from-richest-americans-fortunes)