Business

Powell Has Chance to Reset Market Expectations at Jackson Hole

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This year’s conference is being held in-person for the first time since 2019. Last year, it was moved to a virtual format just days in advance as the delta variant of Covid-19 swept across the country. Inflation had by then risen well above the Fed’s 2% target, but in his address to the forum, Powell emphasized that those pressures would probably prove transitory, and didn’t seem broad-based.



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