Morgan Stanley says Fed Reserve Chair Powell will keep his options open at Jackson Hole

<p>Global Chief Economist at Morgan Stanley Seth Carpenter on Federal Reserve Chair Powell at the Kansas City Jackson Hole gathering coming up. </p><ul><li>says Powell will likely discuss future policy direction at the event</li><li>

thinks Powell won't promise any immediate changes</li><li>but Powell might
sound more cautious about the economy's direction</li><li>by doing this the Fed
keeps its flexibility to raise interest rates if needed</li></ul><p>This all sounds about right, I doubt very much Powell will commit to anything concrete at the Hole. Why would he?</p><p>—</p><p>The Federal Reserve Bank of Kansas City will host the 2023 Economic Policy Symposium, "Structural Shifts in the Global Economy," at Jackson Hole from August 24 to 26.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.