Key Quotes from Fed Chair Powell at Jackson Hole Conference

Key Quotes from Powell's Speech at Jackson Hole Conference

The Jackson Hole Conference, hosted by the Kansas City Fed, featured remarkable insights from Federal Reserve Chair Jerome Powell. In his address, Powell articulated the necessity of new economic strategies.

Economic Policy Shifts

• Crucial shift: "The time has come for policy to adapt to new economic realities."
• Impact on markets: This statement indicates potential changes in interest rates.

Future Economic Outlook

1. Growth expectations: Powell noted, "We expect growth to remain steady, but challenges persist."
2. Inflation concerns: The Fed is closely monitoring inflation metrics.

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