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Federal Reserve Chairman Jerome Powell delivers his long-awaited speech Friday morning as part of the central bank’s Jackson Hole virtual symposium.
Markets don’t expect Powell to open up any important ground with the speech, but it will nonetheless give him a chance to give his insight into the economy as well as the right policy response in the future.
The Fed could soon announce its intention to withdraw its $ 120 billion a month bond purchase program, although interest rate hikes are likely to be a good deal in the future.
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Pressure is under pressure for Powell and the Federal Reserve to manage the outflow of ultralight policies
The Fed’s Kaplan is worried about inflation and risk-taking and wants to announce a cut in September
Esther George of the Fed says it’s time to start easing the juice of policies