PRESS ROOM
Jerome Powell's Jackson Hole comments weigh on equity markets
Friday 02nd September '22
On Friday 26 August, US Federal Reserve Chair Jerome Powell made what markets perceived to be a more hawkish speech than expected. Powell suggested the central bank will ‘keep at it’ until the job is done suggesting interest rates will continue to rise and remain high to tackle inflation even as recessionary risks start to mount. Equity markets endured a negative reaction immediately upon hearing these remarks.