Jackson Hole preview: ECB could upstage Fed

Ai Huicha, August 25th, Christoph Rieger, head of interest rates and credit research at Commerzbank Research, said in a report that the market is preparing for Fed Chairman Powell to make hawkish remarks at the Jackson Hole Economic Symposium, but the More clues could come from ECB President Christine Lagarde. "It's interesting to note that former ECB President Mario Draghi used this meeting to open the door to quantitative easing nine years ago," while last year ECB board member Schnabel made the case for a big rate hike, he said. Foreshadowing. Given the deteriorating economic outlook in the euro zone, Lagarde may offer a more dovish clue than Powell. According to Rieger, Powell is likely to stick to his vision of a "soft landing" for the U.S. economy.