Cutch that, the Shipment is NOT: The post represents its zones |writing

Wyoming Mountains in Jackson Hole in the central bankers of the world meet every September to reflect the essential things about what a political medium today ...

Jerome Powell opens the door in the type of cutting, but emphasizes that its range will be limited, less than Trump asks.

In the world, the Jackson Hole Central Bank will meet every August.What is needed: What is it in financial policy?Federal Reserve President Jerome Powell has changed this favorite collection to send important messages to the market in 2020.He presented a strategy in 2022."Pain.""In 2025 it is necessary to stop the price. Its interventions are different: the use of navigation of political and economic uncertainty.

Powell is honest that the situation is marked according to the opinion.Trump's administration has applied various measures - tax cuts, immigration limits, immigration and regulatory changes are still impossible.

The first message was central to tariffs.Theoretically, it is a definite increase in the price of imported goods.Practically, they act as self -reliant taxes for customers and companies.After the day of Independence, many games have been very imported to accumulate non -rates, which have delayed the impact on prices.Other distribution giants, which cannot continue to absorb costs and start transferring them to the customer.

The 2nd message has focused on the labor market.

The third message is the most sophisticated: Powell has mentioned that the person who requested to cut the basic marks with the government's voice, including the interest rate, the interest rate, James Bintant, the person, Powell, states that the maximum will be reduced and its adjustment may not be reduced.The market has reacted, yes, but in the limited logic that wants to save Powell.

The Trump hopes for a huge Fed, he hopes for a huge Fed, is ready to finance his growth agenda with cheap credit.On the other hand, the Pavel and the Federal Reserve Guard insisted on inflation.At the Fed Board, Trump ts has taunted institutional stories that intensify or Trump decides to promote him as a "shadow governor".The credibility of Fed is then in danger.

This speech is also associated with strategic review every five years: Powell emphasized the need for political stability and the company.Meanwhile, Powell did not speak economically, and he referred to the eight of democracy.

Markets respond quickly to the operation of some hours, investors explained that the Federal Bank will reduce the types, but be careful.

The conclusion is clear.In Jackson Hole, Powell not only drew an economic diagnosis.He conjured the beginning: independence of monetary policy against the temptation of party policy.He remembered it with a prudent but firm speech.

Omar Ririe, Professors of the Ministry of Economics, Master's teacher.