Reported about 2 months ago
Federal Reserve Chairman Jerome Powell is anticipated to deliver a steadfast message at the Jackson Hole Economic Symposium, emphasizing that while inflation is decreasing, interest rates will likely remain unchanged due to robust economic performance. Dreyfus-Mellon Asset Management's economist Vincent Reinhart characterizes Powell's stance as a form of 'tough love', reinforcing the Fed's commitment to restrictive policies until inflation meets target levels.
Source: YAHOO