Fed Chairman Jerome Powell gave his much-awaited speech virtually at the annual Jackson Hole summit on Friday. There were no surprises, and he did not rock the boat. Inflation is still “transitory” for the Chairman, and is confined to goods and services affected by covid-related supply bottlenecks. Powell suggested that tapering of bond purchases could start by the end of the year, “
Lessons from Jackson Hole
Lessons from Jackson Hole
Lessons from Jackson Hole
Fed Chairman Jerome Powell gave his much-awaited speech virtually at the annual Jackson Hole summit on Friday. There were no surprises, and he did not rock the boat. Inflation is still “transitory” for the Chairman, and is confined to goods and services affected by covid-related supply bottlenecks. Powell suggested that tapering of bond purchases could start by the end of the year, “