Don't expect too many surprises from Federal Reserve chairman Jerome Powell's speech at the annual Jackson Hole Economic Symposium.
Powell will deliver his much-anticipated remarks Friday at 10 a.m. New York time. The symposium provides the chairman an opportunity to comment in broad strokes on the current economic picture, uncertainties and risks and the Fed's baseline outlook for the future. He will likely discuss inflation and inflation expectations and given...

When the Fed buys assets (known as QE), new money is injected into the economy. This is because the Fed pays for these assets with money that doesn’t otherwise exist. This activity is inflationary by nature.
When the Fed either slows or stops buying assets (QT), the sellers who were previously able to sell to the Fed must now find a buyer in the market with real money to purchase whatever garbage they are selling. This activity is deflationary by nature… but only until the balance sheet has bee...

Know how to make trade-offs