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08.09 - 15:59
Fed’s Jerome Powell Set to Speak on Economic Outlook at Jackson Hole
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Federal Reserve Chairman Jerome Powell is set to speak on the outlook for the U.S. economy, inflation and interest-rate policy at the Kansas City Fed’s symposium in Jackson Hole, Wyo., on Friday at 10 a.m. ET.
Investors are looking for clues about how the central bank could manage a series of difficult trade-offs as it seeks to bring inflation down from a 40-year high. It wants to lower inflation while minimizing the risks of a sharp downturn and an increased unemployment rate, which is at a 50-year low.
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