Fed Chair Jerome Powell is set to speak in just over an hour, and his remarks are expected to outline the Federal Reserve’s next steps in monetary policy.
In his keynote at the Fed's annual #PowellAtJacksonHole Monetary Policy Symposium in Wyoming, Powell is likely to emphasize that the Fed’s decisions will remain data-driven. We can expect him to confirm the Fed's cautious approach, signaling that any changes in interest rates will depend on economic indicators.
As the Jackson Hole Symposium began, discussions were already focused on the Fed’s upcoming rate decisions, the chances of an economic soft landing, the state of the U.S. labor market, and the broader economic outlook. Interestingly, inflation, which has dominated the Fed’s agenda for the past few years, seems to have taken a backseat in these talks.
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