Powell at Jackson Hole: Fed Committed to 2% Inflation But Agility Required

<p>Summary Fed Chair Jerome Powell reiterated the FOMC’s commitment to bring inflation down to 2% during his speech in Jackson Hole, WY today. He stated that “two percent is and will remain our inflation target.” In order to bring inflation back to target, Powell said that a period of below-trend economic growth will be required. […]</p>
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