Jackson Hole takeaways. They’re probably not cutting rates.

-wants to maintain 2% inflation
-acknowledges inflation has moved down from peak but remains too high
-Prepared to raise rates
-reiterates 2% target
-Talks about “uncertainties”
-Explains what happens when they tighten too little (2-3 sentence)
-Explains what happens when they do too much (one Sentence)

I don't think he's cutting rates because inflation ain't at 2% yet. Said they were prepared to raise rates. Talked about uncertainies. And talked quite a lot about what happens if they “tighten too little”.