QE Not 4ever
No backtracking this cycle, Unwinding TCJA, Manufacturing Deceleration
QE Not 4ever
Chairman Powell’s Jackson Hole opening remarks on the likely path for policy were as expected. If next Friday’s August employment report is reasonably strong, the FOMC is likely to agree to begin reducing asset purchases at the September meeting beginning October 1. They are attempting to deliver a dovish taper by ‘divorcing’ the reduction o…