2024 Q3 Commentary

Coming down the mountain – Don’t look down! It is the general consensus among mountain climbers and hikers that going up is relatively safer or easier than coming down. When descending, it is hard to be sure footed when distracted by the height and the fear of...

Jerome Powell’s Speech at Jackson Hole

This is a summary of Chairman Jerome Powell’s August 23, 2024, speech at the annual economic symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming. CURRENT STATUS A. DUAL MANDATE The Federal Open Market Committee’s (FOMC)...