Jackson Hole: Little in the way of new ideas

Chad Slater

Ellerston Capital

Jackson Hole will most likely be remembered for the Fed’s Vice Chairman stealing the limelight from his boss in an offstage interview. After a relatively uneventful Yellen speech, Fischer threw the cat amongst the pigeons, arguing the case for a September hike and possible two this year. Yellen’s speech used academic research to express her confidence in their current toolkit to handle the next downturn, which many fear will start from a low level of interest rates. Disappointingly there was little in the way of new ideas. Expanding their mandate to include buying a broader range of assets was said to be something for “future policy makers” rather than building the foundations now. Fiscal expenditure and productivity growth were often mentioned as key ingredients that are out of policy makers control that are needed for future growth.


Chad Slater
Co Head Global Equities (ex-Asia)
Ellerston Capital

Chad co-founded Morphic Asset Management in 2012. As a stock picker Chad is also a generalist but has strong regional knowledge of Europe and the Americas. He has also been awarded the CFA Charter.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.