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Federal Reserve Chairman Jerome Powell will deliver his much-anticipated address Friday morning at the central bank’s Jackson Hole virtual symposium.
Markets do not expect Powell to take an important step with his speech, but it will nonetheless give him the opportunity to provide his views on the economy as well as the appropriate policy response for the future.
The Fed could soon announce its intention to withdraw its $ 120 billion monthly bond purchase program, though future rate hikes are likely to be good business.
Powell and the Federal Reserve are under pressure to pull out of ultra-light policies
Fed’s Kaplan is concerned about inflation and risk taking and plans to announce a throttle in September
Fed’s Esther George says it’s time to ease monetary policy