top of page

Jackson Hole Recap: The Fed’s Playbook is Intact

Jackson Hole Recap
Download PDF • 1.59MB

In our previous perspective, “Getting Ready for the Jackson Black Hole,” we were concerned that the Federal Reserve was going to reveal (or hint at) different procedural guidelines for policy implementation. Given recent statements from Fed officials, namely John Williams and James Bullard, we worried that there would be a paradigm shift in monetary policy, one that would be considerably more reactive to coincident economic data, and heighten the risk of the Federal Reserve falling behind the inflation curve. While Fed chatter is fluid, and “data dependent,” Janet Yellen alleviated much of our fears.

Related Posts

See All


Merriam-Webster defines the word “histrionic” as overly dramatic or emotional. This is an apt description for both the Federal Reserve and the fixed income market in the first quarter of 2022, and pro


As we assess the fixed income landscape going into 2022, it looks quite different than that of the last two years. The title of this newsletter conjures up a sleepy shopkeeper sign signifying a break

When the Rate Spike is Real

TREASURIES LOG THE WORST QUARTER SINCE 1980 The first quarter was largely a continuation of the recovery from the March 2020 lows for many asset classes. The S&P 500 was up 6.17%. The Nasdaq lagged, b


bottom of page