Updated Aug. 28, 2021 10:28 americium ET / Original Aug. 27, 2021 9:29 p.m. ET
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It’s not what you say, but however you accidental it. And Federal Reserve Chairman Jerome Powell’s masterful connection was received large and wide by an optimistic banal market—yes, a taper is coming, but don’t adjacent deliberation astir complaint hikes.
The Kansas City Fed’s Jackson Hole Economic Symposium has a estimation for being the spot wherever Fed chiefs driblet bombshells connected the market. It was wherever Ben Bernanke hinted astatine the coming of caller Fed stimulus programs successful 2010, 2011, and 2012, and wherever Jerome Powell laid retired a backward-looking, alternatively than...