Fed’s Powell: No pre-commitment to additional easing – Danske Bank

Danske Bank analysts note that in Powell's abundant hoped-for Jackson Hole address he didn't pre-commit to additional easing evidently, that in alternative words means that Associate in Nursing unchanged Fed narrative.

Key Quotes

“He perennial the easing bias through "will act as acceptable to sustain the expansion". we tend to believe that specially Powell self-addressed 2 important items; 1) the worsening trade war (Powell brought up the amount since the Gregorian calendar month FOMC meeting as 'eventful') 2) the worldwide economy has shown additional weakness since the Gregorian calendar month FOMC meeting.”