Fed chair on inflation
LATEST Powell says Fed has more work to do on inflation
Federal Reserve Chairman Jerome Powell stated at the Jackson Hole symposium that the central bank must focus on combating inflation. He emphasized the need for confidence that inflation is returning to target levels.
NOW PLAYING Fed Chair has to say something about inflation, says former Fed President Patrick Harker
Former Philadelphia Fed President Patrick Harker stated that Federal Reserve Chair Jerome Powell must address inflation, the Treasury market, and the fiscal situation at the upcoming Jackson Hole symposium. Harker believes Powell cannot simply reiterate commitment to bringing down inflation and must say something concrete, despite his aversion to forward guidance.
Market participants are closely watching the Jackson Hole symposium for signals on the Fed's future monetary policy and its stance on inflation and fiscal issues, which could significantly impact financial markets.
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