Reported about 2 months ago
At the recent Economic Policy Symposium, Federal Reserve Chair Jerome Powell addressed the need for a comprehensive review of the Fed's strategy, acknowledging past missteps particularly in response to inflation. He emphasized the importance of adapting to recent economic changes while safeguarding the strengths of existing frameworks. As interest rates are anticipated to decrease, Powell signaled the necessity of fostering clear communication and learning from recent experiences to better manage future challenges.
Source: YAHOO