Powell to get last word on outlook on interest rates after next Friday’s job report

Federal Reserve Chairman Jerome Powell is perhaps going to get the last word before the central bank goes silent ahead of its Sept. 17-18 policy meeting.

Powell is scheduled to speak in Switzerland, at the University of Zurich, about the U.S. economic outlook and interest-rate policy next Friday, Sept. 6. Powell will speak at 12:30 p.m. Eastern.

That’s only a few hours after the government releases the key August employment report. And it is a few more hours before the Fed goes silent to prepare for its policy meeting. ALL EYES AND EARS ON 19TH SEPTEMBER – FOMC

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The Fed could cause a recession unless it significantly cuts rates, Stifel’s Bannister says

KEY POINTS
  • Barry Bannister, Stifel’s head of institutional equity strategy, says the fed funds rate is too high relative to the neutral rate, a theoretical level at which the Fed is neither restrictive nor accommodative.
  • Monetary policy that is too tight could hinder U.S. economic growth and even spark a recession.
  • “Rates signal a bear market, and Fed hesitations risk a repeat of Custer’s last stand at Little Big Horn,” wrote Bannister. RISK ON & OFF IN ACTION

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