Apollo Global Management believes that when speaking in Jackson Hole on Friday, Federal Reserve Chairman Kevin Walsh will publish a “hawkish” economic outlook in order to control long-term yields. Walsh's statement is “completely true; forward-looking guidance is not a good idea,” Apollo's chief economist Torsten Slok said in an interview with Bloomberg TV; “But most people agree that framing guidance is a good idea, and now we need some framing guidance from him”

Apollo Global Management believes that Federal Reserve Chairman Kevin Walsh will publish a “hawkish” economic outlook during his speech in Jackson Hole on Friday to control long-term yields. Walsh's statement is “completely true; forward-looking guidance is not a good idea,” Apollo's chief economist Torsten Slok said in an interview with Bloomberg TV; “But most people agree that framing guidance is a good idea, and now we need some framing guidance from him”