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Powell’s Jackson Hole Speech May Herald Lasting Fed Policy Shifts
Powell’s Jackson Hole Speech May Herald Lasting Fed Policy Shifts
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BTCCSquare news:
Federal Reserve Chair Jerome Powell's upcoming Jackson Hole address could signal more than just near-term rate adjustments. The speech may outline structural changes to the Fed's inflation-targeting framework that WOULD extend beyond his tenure ending May 2025.
Market participants anticipate the abandonment of average inflation targeting, a pandemic-era policy allowing temporary overshoots to compensate for past undershoots. With inflation persistently elevated, the Fed appears poised to revert to a strict 2% target—a MOVE Powell telegraphed in May that could redefine the central bank's approach to price stability.
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