Jay Powell will make a much-awaited speech on Friday as the Federal Reserve seeks to battle the worst inflation in four decades without tipping the world’s biggest economy into recession.
The Fed chair will deliver his remarks at 10am Eastern Time at the first in-person gathering of the annual Jackson Hole conference since the start of the coronavirus pandemic.
The event, which brings together central bankers from around the world, comes as the Fed grapples with questions about its resolve to squeeze the US economy sufficiently to root out inflation.
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