Federal Reserve Chair Jerome Powell speaks on America's failing economy, saying everything is going up, inflation is "serious"
- Thread starter WVU82
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KobeissiLetter
SUMMARY OF POWELL'S JACKSON HOLE SPEECH (8/25/23):
1. We are "prepared" to raise further if needed
2. The Fed will not change 2% inflation target
3. "Will proceed carefully" on whether to hike again
4. Lowering inflation will require softer labor markets
5. Above trend growth could warrant more rate hikes
It seems like a long PAUSE is coming.
SUMMARY OF POWELL'S JACKSON HOLE SPEECH (8/25/23):
1. We are "prepared" to raise further if needed
2. The Fed will not change 2% inflation target
3. "Will proceed carefully" on whether to hike again
4. Lowering inflation will require softer labor markets
5. Above trend growth could warrant more rate hikes
It seems like a long PAUSE is coming.
