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What Doves at Jackson Hole May Mean for Banks
Federal Reserve Chair Jerome Powell struck a dovish tone at the Jackson Hole Symposium, stating that while tapering bond purchases may happen within this year, rate hikes won't necessarily follow any time soon. Harsh Modi, JP Morgan's co-head of Asia ex-Japan Banks Research, joined us on Prime Time to discuss the Fed Chair's comments, what it may mean for banks and his outlook for lenders in the region.See omnystudio.com/listener for privacy information.
The skinny
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