Each year since 1978, the Federal Reserve Bank of Kansas City has sponsored a symposium on an important economic issue facing the U.S. and world economies. This annual pilgrimage to the beautiful mountain resort town of Jackson Hole, attracting bankers, finance ministers, academics, and financial market participants from around the world, is highlighted by a keynote speech by the Federal Reserve President. Last year, Jay Powell dropped the mic and surprised markets with his steadfastness to raise rates to fight inflation. This year, it was less of an event, with very little that is new, but we still appreciate the gorgeous CNBC backdrops. It’s becoming clear that the steep hiking path is likely nearing its end, but the big question is … what happens on the other side?

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