Christoph Rieger, head of interest rates and credit research at Deutsche Bank, said in a report that the Fed chairman had previously used the Jackson Hole Symposium to convey important policy guidance changes, but this is unlikely to happen this year. Rieger said, "Although we expect that, compared to previous guidance, namely that the Fed is waiting for more data, Powell's statement this time will not show a major shift, but opening the door for a 25 basis point rate cut in September would be a reasonable move."
