Powell treads cautious line in Jackson Hole remarks
Chairman gives few clues to future policy; Trump appears unimpressed with the address
Federal Reserve chairman Jerome Powell took a cautious line in his highly anticipated Jackson Hole speech today (August 23), largely reinforcing the central bank’s recent communication without unveiling any major new policies.
Powell provided little new indication as to the Fed’s thinking about its upcoming policy decisions, but warned the US-China trade war creates a “new challenge” for policy-makers.
President Donald Trump appeared to take umbrage at the chairman’s speech, tweeting: “As
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