'It is the Fed's job to bring inflation down to our 2% goal, and we will do so,' Powell said at the Jackson Hole symposium Friday morning.
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Jackson Hole roundup: Fed Chair Powell, Fed Presidents, key advisers, and moreFederal Reserve Chair Jerome Powell delivered his annual speech at the Jackson Hole Economic Symposium on Friday morning. Yahoo Finance spoke to experts across the industry to break down Powell's speech, what it means for inflation and interest rates at the Fed meeting in September, the impact on the economy, and more. Video highlights: 00:00:04 - Yahoo Finance's Jennifer Schonberger 00:00:27 - Federal Reserve Board Chair Jerome Powell 00:00:57 - Philadelphia Federal Reserve President Patrick Harker 00:01:18 - Former St. Louis Fed President 00:01:50 - Council of Economic Advisers Chair Jared Berstein 00:02:07 - Boston Fed President Susan Collins 00:02:25 - Former Fed Vice Chair Alan Blinder
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Fed Chair Powell at Jackson Hole: What investors need to knowFed Chair Jerome Powell is scheduled to speak at the Jackson Hole Economic Symposium tomorrow. Jeanna Smialek, New York Times Federal Reserve and Economy Reporter, joins Yahoo Finance Live from Jackson Hole, Wyoming, to discuss what to expect from Powell's speech and everything investors need to know. Regarding inflation, Smialek said, 'We've got pretty sticky core inflation, that number is quite a bit higher, almost 5 percent still ... I think the Fed has to both signal that they're willing to do what it takes ... while also avoiding signaling that they're going to do so much that they're going to push the economy into recession.'
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Key Takeaways From Fed Chair Jerome Powell’s Jackson Hole SpeechHere are key takeaways from Federal Reserve Chair Jerome Powell’s remarks prepared for the Kansas City Fed’s economic symposium on Friday:
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Powell at Jackson Hole: Economy's solid growth could require additional Fed hikes to fight inflationJACKSON HOLE, Wyoming (AP) — The continued resilience of the U.S.
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Factbox-Highlights of Fed Chair Powell's Jackson Hole speech(Reuters) - Federal Reserve Chair Jerome Powell on Friday said the central bank may need to lift interest rates further to finish the job of lowering ...
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Gold, silver steady-weaker as Powell Jackson Hole speech awaited(Kitco News) - Gold and silver prices are steady to slightly lower in quieter midday U.S. trading Thursday, as traders are awaiting the marketplace event of the week, if not the month: the annual Federal Reserve symposium held in Jackson Hole, Wyoming.
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