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Federal Reserve Chairman Jerome Powell gave his much-anticipated speech Friday morning at the central bank’s Jackson Hole Virtual Symposium.
The market doesn’t expect Powell to break new ground with speech, but it will still give him the opportunity to provide his perspective on the economy as well as provide appropriate political commentary.
The Fed may soon announce plans to withdraw its $ 120 billion-per-month bond buying program, although future interest rate hikes are likely a bargain.
Powell and Federal Reserve under pressure to handle their exit from super-easy policies
Fed’s Kaplan worried about inflation and risk-taking, wants to announce a tap in September
Fed’s Esther George says it’s time to start easing political juices