[ROLLING HEADLINE] Fed Jackson Hole speakers and ad-hoc interviews - August 28th
Newsquawk Staff ·
August 28th
- 07:00 EDT/12:00 BST - Fed's Hammack (2027 voter, Hawk) interview on Bloomberg TV.
- 09:45EDT/14:45BST - BoE's Mann (Hawk, Dissenter) interview on Bloomberg TV.
- 10:00 EDT/15:00 BST - Fed Chair Warsh to speak (last year, Powell's speech was published at 15:00 BST)
- 10:30 EDT/15:30 BST - BoE's Mann (Hawk, Dissenter) to speak on "Financial Innovation and the International Monetary System".
- 11:30EDT/16:30BST - BoE Governor Bailey (Neutral) interview on Bloomberg TV.
- 11:55 EDT/16:55 BST - ECB's Schnabel (Hawk) to speak on "Innovation in Tokenized Finance"
- 12:30 EDT/17:30 BST - Fed's Goolsbee (2027 Voter, Neutral) CNBC interview.
- 12:55 EDT/17:55 BST - ECB President-candidate de Cos and IMF Managing Director Georgieva to speak on "International Experience with Payments Innovation"
- 13:00EDT/18:00BST - ECB's Kocher (Hawkish) interview on Bloomberg TV.
What it means
A rolling speaker calendar of this kind is standard around the late-August Jackson Hole gathering, which has long served as the venue where Fed chairs set out or reframe the policy framework, so the chair's remarks are the anchor event and peripheral commentary tends to trade only until that speech is absorbed. The skew of the undercard here leans hawkish: Hammack, Mann, Schnabel and Kocher are all tagged as hawks, and Mann is flagged as a dissenter, so the direction of any surprise is asymmetric toward the hawkish side, with neutral voices like Bailey and Goolsbee the more market-relevant tells if they edge toward or away from the hawks' framing. The distinction worth drawing is between voter and non-voter: remarks from 2027 voters carry signal about the future committee's centre of gravity rather than the near-term decision, so their effect tends to sit further out the curve than in the front end. Cross-central-bank days of this kind have tended to produce a sequencing pattern, with early interviews moving their domestic curves at the margin and the chair's speech either confirming or flattening those moves. The follow-ons are whether officials' tone converges on a common message ahead of the chair, and whether any of the thematic sessions, tokenized finance and payments innovation, carry regulatory signals beyond the rate path.
- Money markets no longer full price a Fed rate hike before end of 2026
- US sells USD26bln of 5yr TIPS; tails 0.7bps
- ECB's Panetta says real wages rose c. 50% in the US over 30 years while only rising 20% and a few ppts in Germany and Italy respectively, highlighting Europe's weaker growth dynamics
- Turkish TCMB Interest Rate Decision 36% vs. Exp. 36% (Prev. 37%)
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