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Federal Reserve Chairman Jerome Powell delivers his much-anticipated speech Friday morning as part of the central bank’s virtual Jackson Hole symposium.
Markets do not expect Powell to break any major ground with the speech, but it nonetheless will give him an opportunity to provide his view on the economy as well as the appropriate policy response going forward.
The Fed could soon announce its intention to pull back on its $120 billion a month bond-buying program, though interest rate hikes are likely a good deal off in the future.
The pressure is on for Powell and the Federal Reserve to manage the exit from ultra-easy policies
Fed’s Kaplan is worried about inflation and risk-taking, and wants to announce taper in September
Fed’s Esther George says it’s time to start easing off on policy juice