Powell Scraps 'Make-Up' Inflation Playbook In Jackson Hole
Source: SeekingAlpha
2025-08-28 02:05:00 ET
Federal Reserve Chair Jerome Powell used his Jackson Hole podium on August 22 to declare the end of the central bank’s three-year experiment with “flexible average-inflation targeting.” In its place, the Fed is reverting to a straight-forward but “flexible” 2 percent target, a move that comes as economic momentum cools and goods prices perk up....
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Powell Scraps 'Make-Up' Inflation Playbook In Jackson Hole
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