Coming out of their July FOMC meeting, Federal Reserve officials are holding interest rates where they are, still keeping the door open for a rate cut in September. While the September FOMC is relatively far out, Fed Chair Jerome Powell could signal where the central bank will decide on rates at his Jackson Hole Symposium speech, the annual economic policy conference held in Wyoming from August 22 to 24 this year.

Former Federal Reserve Bank of Atlanta President Dennis Lockhart joins the Market Domination team to explain how Powell could outline any monetary policy agendas in the speech and the data current Fed presidents are receiving on inflationary price pressures impacting consumers.

"I'm not sure the voices that we hear between now and the September meeting will necessarily satisfy the market in terms of alignment. There could be quite a number of different views [from Fed officials], but those views will be tactical," Lockhart says. "Strategically, this committee is aligned. There's no one on the committee who is saying the Fed is doing exactly the wrong thing."

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This post was written by Luke Carberry Mogan.