Powell speaks and DC looks to avoid shutdown

Those who follow markets and policy were all anticipating the speech at the Jackson Hole gathering of Fed officials and economists of Fed Chair Jay Powell. The speech was short and to the point: inflation remains the central banks number one concern, and action to bring inflation down is the focus of Fed policy.

The Chair made several key points; perhaps the most important was a reaffirmation that the Fed should not prematurely stop raising rates and that the Fed will keep at rate increases ...

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