Powell’s Jackson Hole Swan Song, Echoes With The Coos of Doves

Busy Day! All 11 sectors opened higher in a broad-based advance ahead of Powell. Powell just reinforced the optimistic expectation. The key passage in Powell’s speech titled, “Economic Outlook and Framework Review,” was the following:  “In the near term, risks to inflation are tilted to the upside, and risks to employment to the downside—a challenging…