Goldman Sachs preview Federal Reserve Chair Powell speech coming up Friday at Jackson Hole

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Federal Reserve Chair Powell will deliver his speech at Jackson Hole on Friday, 25 August.

scheduled at 10.05 am US Eastern time.</p><p align="left">This
summary of a Goldman Sachs note is via the folks at eFX.
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</p><p>According to Goldman Sachs, this year's speech is expected to tread familiar ground, albeit with some critical updates. </p><p>
1. Persistent Focus on Inflation: • The Federal Reserve remains concerned about bringing inflation back down to its target level. Powell's speech is likely to elaborate on this ongoing focus. </p><p>2. A More Reassuring Backdrop: • Unlike last year, when Powell warned of the 'pain' that would be involved in reducing inflation, the current economic climate is significantly more reassuring. The possibility of a soft landing—i.e., reducing inflation without causing a recession—seems much more attainable now. </p><p>
3. Commitment to See the Job Through: </p><p>Goldman Sachs anticipates that Powell will send a message of commitment. The Fed is determined to address inflation effectively, and the speech will likely underscore this resolve.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.