Key Events This Week: All Eyes On J-Pow''s J-Hole Speech Key Events This Week: All Eyes On J-Pow''s J-Hole Speech Now that Q2 earnings season is officially over, and liquidity is especially dismal with more than half of Wall Street pros on vacation, the annual plenary of the global central bank cognoscenti kicks off in Jackson Hole this week. As DB''s Tim Wessel puts it, the main macro event of the deep dog days of summer – where this year’s theme is “Reassessing Constraints on the Economy and Policy” – will be kicked off by Jerome Powell’s remarks on Friday morning. Commenting on the week''s main event, Bloomberg''s Garfield Reynolds writes that equity investors may be more on edge than normal going into this year’s Jackson Hole gathering as there is plenty of anticipation Powell "will push back hard against the considerable loosening in financial conditions, a decent part of which has involved the strong rebound rallies in equities." As Reynolds further notes, the dollar just had its biggest weekly gain since the pandemic and the risks look skewed toward the upside as "stocks globally have been moving inversely in line with the dollar, so if the greenback busts out to fresh record highs it’s likely equities would make fresh lows" and " s hares are a lot further away from this cycle’s troughs than the dollar is from recent peaks." That said, while the strength of the USD last week suggests that a J-Hole "Hawk-ano" is a popular market view, there are whispers that Powell will be more cognisant of the impact of USD strength on other economies and may therefore chose not to project an overly hawkish view.