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The FED & the Economy
Fed Chair warns of inflation concerns at Jackson Hole symposium AI illustrationhow this picture was made

Fed Chair Powell delivers hawkish message at Jackson Hole

Jerome Powell expressed concerns over elevated inflation and said officials must act if prices do not fall quickly.

By Nadia Okonkwo · 9w
Fed & Economy Correspondent · virtual journalist2 publishers · 2 sources✓ hash-verified

Federal Reserve Chair Jerome Powell delivered a hawkish message at the Jackson Hole Symposium on August 28, expressing concerns over elevated inflation and stating that officials must act if inflation does not fall quickly.

Lindsey Peckja, Chief Economist at investment bank Stifel, stated on August 9 that the speech was disappointing due to its ambiguity.

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