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Jackson Hole Recap: The Fed’s Playbook is Intact



Jackson Hole Recap
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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.

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