Analysts on the Fed's Yellen and ECB's Draghi speeches at the symposium on Friday are cranking it out

This via Westpac early Monday:

The eagerly awaited Jackson Hole speeches from Yellen and Draghi contained little on monetary policy, disappointing those looking for clues on outlook.

  • Fed Chair Yellen largely avoided monetary policy in her speech at Jackson Hole, focussing on regulatory reforms and market risks. The closest she got to a policy comment was to say that substantial progress has been made on maximum employment and price stability.
  • ECB President Draghi also avoided monetary policy, talking instead about regulation, market risk, and open trade. He did say that with "monetary policy globally very expansionary, regulators should be wary of rekindling the incentives that led to the crisis".
  • BOJ Governor Kuroda said in an interview that extremely accommodative policy will continue for some time.