Monetary Policy - The Federal Reserve has abandoned its 2% inflation target in favor of "flexible inflation targeting" [1] - Low interest rates are now primarily used to manage the national debt [2] - Fiscal dominance is now the prevailing economic condition [3]

Central Bank Independence & Monetary Policy - Central bank independence is crucial for price stability and economic growth [2][5] - The speaker emphasizes the need to fight for central bank independence, drawing on Germany's post-1948 experience [3][4][5] - The speaker expects Jerome Powell to deliver a clear message on price stability and the central bank's mandate [7] Interest Rate & Inflation - The speaker believes interest rates are currently in equilibrium at 2%, aligning with the target [8][9] - The speaker suggests inflation is potentially no longer the primary concern, but disinflation risks need monitoring [9][10] - Service inflation remains high, above 3%, necessitating a wait-and-see approach to monetary policy [10][11] Economic Outlook - A mild recession in Germany is possible this year, but economic growth is expected to return next year [7][8] - The speaker notes the potential for imported disinflation from a strengthening Euro and cheap Chinese goods [10] - The bar for cutting interest rates is high, requiring significant evidence to warrant a change in monetary policy [12]

I was fed chair pal a few moments ago suggesting the balance of risks is shifting. Inflation still tilted higher he says but signs of softening in the labor market. Joining us this morning at post9 Anastasia Maroso Partners Group chief investment strategist for private wealth.It's great to have you back. Good to see you. A busy morning.So clearly the market was was too nervous going in. Right. Yes definitely.But we got a very strong nod to September and that is obviously a huge relief. Look, I'm not entirel ...

A key gauge of US bank stocks headed for its first record close since January 2022, with the latest leg higher coming after investors speculated Fed chief Jerome Powell signaled a willingness to cut rates next month https://t.co/vUGTj5hHAk ...

We're going to go right now to Jay Powell has become speaking and delivering this speech. >> In my remarks today, I will first address the current economic situation in the near term outlook for monetary policy. I will then turn to the results of our second public review of our monetary policy framework, as captured in the revised Statement on Longer Run Goals and Monetary Policy Strategy that we released today.When I appeared at this podium one year ago, the economy was at an inflection point. Our policy r ...

We're a few moments away this morning from Fed Chair Powell's speech at the Fed Symposium in Jackson Hole. Let's bring in Apollo's global management chief economist Torstson joins us here at Post9. Happy Friday.It's good to have you with us, especially today. I mean, we we look at your charts every day. You clearly have some sympathy for the conundrum the Fed finds itself in.>> Yeah, because on the one hand, inflation is going up and as Sarah was just saying, anecdotes in this earning season have certainly ...

US equities rose at the open on Friday after five days of losses, as traders braced for a crucial speech by Federal Reserve Chair Jerome Powell that’s expected to offer near-term direction on the path of interest rates https://t.co/HQesb6U3DX ...

Economic Indicators - Euro-area pay growth increased, signaling potential inflationary pressure [1] Monetary Policy Implications - The ECB may exercise caution in further reducing interest rates due to rising pay growth [1]

UPDATE:Theres not a 73.3% chance the FED will cut rates in September. https://t.co/AYFtypksSh ...

Government Bond Interest Rate - Japan's Finance Ministry plans a provisional government bond interest payment rate of 26% [1] - The planned rate is the highest in 17 years [1]