Inflation: Progress and the Path Ahead
· Jerome H Powell, Chair of the Federal Reserve (United States)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, technology, ai and cyber risk
JH · Jerome H Powell Wiki · Federal Reserve WikiInflation: Progress and the Path AheadContextSpeech by Jerome Powell at the Federal Reserve Bank of Kansas City's Jackson Hole symposium on structural shifts in the global economy.
Why it mattersPowell's Jackson Hole speech keeps further hikes on the table to finish the job.
Problems raised- Inflation is still too high.
- Shelter inflation reacts slowly.
- Risk of tightening too much or too little.
Solutions proposed- Bring inflation down to 2%.
- Proceed carefully, data-dependent.
- Be ready to raise rates further.
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