JACKSON HOLE: DON'T EXPECT A DOVISH POWELL

The 'tourist walks through his reasoning for not expecting any grand dovish announcements from Powell at Friday's Jackson Hole Central Banking Symposium

I am currently working on a post about the bond market that I thought I could complete in time for the Federal Reserve’s Jackson Hole symposium, but the piece is longer than I expected, and my views about Powell’s likely policy path might get overshadowed by the larger message, so a quick update about what I am expecting tomorrow is in order.

Although th…