4.4 • 1.6K Ratings
🗓️ 26 August 2023
⏱️ 35 minutes
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On Friday, Federal Reserve Chair Jerome Powell gave his much-anticipated speech at the Kansas City Fed Monetary Policy Symposium in Jackson Hole, Wyoming. While many were expecting some kind of academic or theoretical discussion, the text was straightforwardly about the current path of monetary policy. So what did we learn? What actually happens at Jackson Hole? And how did this year's event fit in with prior years? On this episode, we turn to two of our colleagues, Bloomberg Surveillance co-host Tom Keene as well as Michael McKee, international economics and policy correspondent for Bloomberg Television. We discuss the speech, the whole event, and how 2023 compares and contrasts with previous editions of the event.
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0:00.0 | Are you rich? That's a good question. Is it about what you have in the bank or your 401k? |
0:06.3 | Should you buy a place where you live or hold off? |
0:09.1 | And if you build, could sand shortages in Singapore impact prices in Connecticut? |
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0:27.1 | Learn more at bloomwork.com slash wealth. |
0:40.8 | Hello and welcome to a special episode of the AdLots podcast. I'm Joe Wyzenthal. |
0:46.4 | And I'm Tracy Alloway. Tracy, so we are here for you and me the first ever time at Jackson Hall. |
0:52.2 | I know. I always wanted to go partly for the scenery, but also just to get a feel for some of the economic discussions and wonkery. |
1:02.1 | I've seen this described or heard this described as the Super Bowl for central bankers. |
1:08.4 | You know what? I like that description. It's very app because like when I think of the Super Bowl, |
1:13.0 | I think of like a bunch of like parties and people just hang out like there's the game. |
1:17.1 | But seriously, like you said like partly for the scenery, I would say like for me that's like 95. |
1:23.0 | I was so drawn to the first time I walked in. It was gorgeous. |
1:26.2 | It was gorgeous. I was just like, I'm like totally flabbergasted. |
1:29.9 | Also the chance to finally break out my cowboy boots. I don't get to do that that often in New York. |
1:35.1 | If anyone saw the photos of me on Twitter this weekend, Wednesday morning as I was scrambling out of the house, |
1:39.8 | I could not locate my multiple cowboy boots. I couldn't find any of them. |
1:43.5 | Sure, Joe. Sure. They all go conveniently missing right before you need them. |
1:47.8 | No, but it is an amazing event. It's really interesting to sort of witness it for the first time |
1:52.2 | because it is at this kind of unusual moment for central bankers. |
1:56.7 | Yes, right. So it's like this weird uneasy piece which is like inflation has come down a lot. |
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