Central Banks
Fed’s Powell Nods to Upcoming Strategy Review as Officials Prepare to Cut Interest Rates
- Fed chief says officials will be open to criticism, new ideas
- Officials to examine inflation lessons as focus shifts to jobs
Jerome Powell.
Photographer: Natalie Behring/BloombergThis article is for subscribers only.
In Jackson Hole this weekend, Federal Reserve Chair Jerome Powell outlined two priorities for the months ahead: keeping the US economy afloat while also taking a closer look at what went wrong over the past few years.
Headlines from the Fed chair’s Friday speech were dominated by his concerns over the state of the cooling labor market.