Fed Chair Jerome Powell will have the attention of economists and central bankers on Friday when he gives a speech at the Jackson Hole gathering.
FOX Business’ Edward Lawrence speaks with Federal Reserve Bank of Kansas City President Esther George from Jackson Hole, Wyoming, about the economic outlook for the remainder of the year.The Federal Reserve chairman's
People will be looking for clues on where the Fed is heading on interest rates, mainly how big and for how long. Federal Reserve Chairman Jerome Powell speaks during a news conference at the Federal Reserve Board building in Washington.may well defeat inflation in time. But there are fears that they may cause a recession in the process.
To battle inflation, the Fed has lifted its benchmark rate by 2 full percentage points in just four meetings, to a range of 2.25% to 2.5%.
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