According to CoinMeta, Barclays interest rate strategists stated in a report that Federal Reserve Chairman Jerome Powell may advocate for reducing the use of forward guidance by the Fed, as he believes that forward guidance has been a source of policy mistakes in the past. At the Federal Reserve Bank of Kansas City's annual symposium held in Jackson Hole from August 27 to 29, Powell may also provide some insights on balance sheet policy. They expect Powell to emphasize the long-term drivers of the economy, particularly productivity trends and their impact on potential growth. It is unlikely that Powell will provide any near-term policy guidance, but markets will seek more information on how the Fed plans to bring inflation back to the 2% target. If inflation does not improve, Powell is likely to confirm that interest rate hikes remain an option.