Federal Reserve Chair Jerome Powell had a message for the U.S. economy and the financial markets: prepare for “some pain” ahead and higher inflation-busting interest rates are here to stay. Powell recently delivered his much-anticipated Jackson Hole Economic Symposium speech, and his hawkish remarks disappointed investors. When the Fed started its tightening cycle in March,…
Fed Chair Powell Buries ‘Soft Landing’ Hopes
September 1, 2022
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