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