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Watch Fed Chair Powell Take a Walk at Jackson Hole
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Federal Reserve Chair Jerome Powell took the traditional walk at the annual symposium in Jackson Hole, Wyoming. This year he was joined by Vice Chair Lael Brainard and New York Fed President John Williams.
In his keynote speech, Powell warned that policy rates must rise and then stay high for some time, echoing a series of statements earlier in the day from his Fed colleagues that rates must become restrictive until prices begin to cool.
In his keynote speech, Powell warned that policy rates must rise and then stay high for some time, echoing a series of statements earlier in the day from his Fed colleagues that rates must become restrictive until prices begin to cool.
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