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Don’t Expect Too Much from Waller’s Jackson Hole Debut
At 10 p.m. Beijing time on Friday (August 28), the newly appointed Federal Reserve chair will deliver his first keynote speech since taking office. But just look at the topic—“Financial Innovation: Implications for Payments and Policy”—and it’s clear that every word is leaving him room to dodge the issue.
Public readout: He previously admitted that his speech was still a blank sheet, with neither the broader macro picture nor policy guidance decided; Barclays put it even more bluntly, saying it would be extremely difficult for him to offer