Powell’s Annual Address at Jackson Hole

Federal Reserve Chair Jerome Powell is set to deliver his annual address at the central bank’s symposium in Jackson Hole, Wyoming. The speech will focus on economic trends and monetary policy challenges as the Fed navigates inflation and growth concerns.

Impact of Higher Tariffs

Powell noted that higher tariffs are beginning to exert pressure on the economy. The implications of these tariffs could influence inflation rates and consumer prices, further complicating the Fed’s policy decisions in the coming months.

Focus on Inflation and Growth

In his address, Powell is expected to discuss strategies to balance the dual mandate of promoting maximum employment and stable prices. Addressing inflation remains a top priority for the Federal Reserve as it seeks to maintain economic stability.