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Powell Kicks ‘Taper Timing’ Down The Road At Jackson Hole

Powell Kicks 'Taper Timing' Down The Road At Jackson Hole

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In his speech on Friday, Fed Chair Jerome Powell stressed that inflationary pressures are cooling and getting closer to the Fed’s 2% target rate. Powell also acknowledged that some inflation is a “cause for concern” and implied that higher prices could be more permanent than he expected.

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