More Fed from Jackson Hole speaking to CNBC
- Doesn't see near term hike as appropriate unless there's a big change in the data between now and September
- Right now situation would call for consideration for more easing
- If you lift off now given outlook, credibility could slide
- Some equity volatility is not a major concern
- Risks to stability from low rates need to be monitored
- Market vol matters as a signal not cause and area tail risk to US outlook
- Market moves are an argument for not being hasty in taking away accommodation
Possibly the last real dove at the Fed
I'll let Adam get the rest of the headlines himself rather than just copying me ;-)
