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The Fed Remains Prepared to Raise Rates Further If Needed, Powell Says

The central bank remains committed to reaching its 2% inflation target. Federal Reserve Chairman Jerome Powell got to the point quickly in his speech at the central bank’s annual conference in Jackson Hole, Wyoming, on Thursday: “It is the Fed’s job to bring inflation down to our 2% goal, and we will do so.”Powell acknowledged that inflation has fallen from its peak, but also stressed that it remains too high. As such, the central bank's rate-setting group, the F...
United States Jackson Hole Craig Erlam Quincy Krosby Jerome Powell Market Committee
Source: yahoo.com

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