Federal Reserve chairman Jerome Powell is expected to map out the final steps in the US central bank’s campaign to tame inflation, and reinforce its commitment to finishing the job, when he speaks Friday in Jackson Hole, Wyoming.
Although the address may not contain the same drama as keynotes in recent years, Powell’s speech at the Fed’s annual meeting of global central bankers comes as policymakers enter what he has called the most difficult stage of the inflation fight – calibrating how much more tightening is needed, with little certainty about how their actions have affected the economy so far.
