Surveillance: Powell Talks Tough at Jackson Hole

Patrick Harker, Philadelphia Fed President, says the Fed should consider pausing rate hikes after hitting at least 3.4% by year end to see how the economy reacts. James Bullard, St. Louis Fed President, says the Fed’s rate hikes are working at shorter lags than in the past. Raphael Bostic, Atlanta Fed President, says the Fed should keep interest rates higher “for a long time.” TD Securities Global Head of Rates Strategy Priya Misra and Citi Chief US Economist Andrew Hollenhorst react to Fed Chair Jerome Powell’s speech at the Kansas City Fed’s annual economic policy symposium in Jackson Hole, Wyoming. 

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