- Fed Chairman Jerome Powell speak Thursday during a virtual version of the Fed’s annual Jackson Hole, Wyoming conference.
- He is expected to outline what could be the central bank’s most active efforts ever to spur inflation back to a healthy level.
- “Average inflation” targeting means the Fed will allow inflation to run higher than normal for a period of time.
- The effort will be the reverse of former Fed Chairman Paul Volcker’s rate hikes instituted to quash inflation in the 1980s.
Haha Bitcoin number go up
[link] [comments]
No comments:
Post a Comment