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Wall Street Week Ahead: No Elk or Trout, But Fed’s Virtual Retreat May Stoke Market’s ‘Animal Spirits’

NEW YORK (Reuters) – Investors could get a hint from Federal Reserve Chairman Jerome Powell next week about how aggressively the U.S. central bank will try to manage the long-term recovery from the coronavirus pandemic.

Powell will discuss the Fed’s monetary policy framework review – a review it has been undertaking for nearly two years into how it conducts monetary policy – on the opening day of the Kansas City Fed’s annual symposium on Thursday.

Since the 2007-2009 financial crisis, Fed chiefs have used their keynote speaking appointment at the conference – not being held this year in the hunting and fishing resort of Jackson Hole, Wyoming, for the first time in nearly four decades because of the pandemic – to signal important shifts in monetary policy or the economic outlook. Read more…..

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Barry Bannister Stifel Head of Institutional Equity Strategy joins the On the Move panel to discuss how COVID-19 is impacting the market.

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