Fed Chair Jerome Powell's speech from the Jackson Hole Economic Policy Symposium

Transcript

When I appeared at this podium one year ago, the economy was at an inflection point. Our policy rate had stood at 5 and a quarter to 5 a.5% for more than a year. That restrictive policy stance was appropriate to help bring down inflation and to foster a sustainable balance between aggregate demand and supply. Inflation had moved much closer to our ... Read More