Federal Reserve Chair Jerome Powell delivered his annual speech at the Jackson Hole Economic Symposium on Friday morning. Yahoo Finance spoke to experts across the industry to break down Powell's speech, what it means for inflation and interest rates at the Fed meeting in September, the impact on the economy, and more. Video highlights: 00:00:04 - Yahoo Finance's Jennifer Schonberger 00:00:27 - Federal Reserve Board Chair Jerome Powell 00:00:57 - Philadelphia Federal Reserve President Patrick Harker 00:01:18 - Former St. Louis Fed President 00:01:50 - Council of Economic Advisers Chair Jared Berstein 00:02:07 - Boston Fed President Susan Collins 00:02:25 - Former Fed Vice Chair Alan Blinder
Go Beyond Ordinary With These Fun-Filled Park ExperiencesUS intelligence says an intentional explosion brought down Wagner chief Prigozhin’s plane
WASHINGTON — A preliminary U.S. intelligence assessment concluded that an intentional explosion caused the plane crash presumed to have killed a mercenary leader who was eulogized Thursday by Vladimir Putin, even as suspicions grew that the Russian president was the architect of the assassination. One of the U.S.
A bit of Pilates sure brings out the Dark Brandon in Joe Biden. After hitting the PeloDog studio in Lake Tahoe today, a vacationing POTUS took some shots at his indicted predecessor Donald Trump, the ex-Celebrity Apprentice host’s mugshot and his online sit-down with Tucker Carlson earlier this week. With a smile on his face …CIBC says rising jobless rate could bring end to higher interest rates
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Oil prices steady as investors await speech by Fed Chair Jerome PowellBrent crude climbed six cents to $83.27 a barrel by 0855 GMT, while U.S. West Texas Intermediate crude rose four cents to $78.93
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Fed Chair Powell at Jackson Hole: What investors need to knowFed Chair Jerome Powell is scheduled to speak at the Jackson Hole Economic Symposium tomorrow. Jeanna Smialek, New York Times Federal Reserve and Economy Reporter, joins Yahoo Finance Live from Jackson Hole, Wyoming, to discuss what to expect from Powell's speech and everything investors need to know. Regarding inflation, Smialek said, 'We've got pretty sticky core inflation, that number is quite a bit higher, almost 5 percent still ... I think the Fed has to both signal that they're willing to do what it takes ... while also avoiding signaling that they're going to do so much that they're going to push the economy into recession.'
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Bitcoin price range-bound as investors await Fed Chair Powell's speechCryptocurrency prices continued to experience range-bound, sideways trading on Thursday as Fed officials say to expect higher interest rates for longer.
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Fed Chair Powell could signal the likelihood of high rates for longer in closely watched speechJACKSON HOLE, Wyoming (AP) — When Federal Reserve Chair Jerome Powell delivers a high-profile speech Friday in Jackson Hole, Wyoming, many analysts think he could make one thing clear: That the Fed plans to keep its benchmark interest rate at a peak
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Key Takeaways From Fed Chair Jerome Powell’s Jackson Hole SpeechHere are key takeaways from Federal Reserve Chair Jerome Powell’s remarks prepared for the Kansas City Fed’s economic symposium on Friday:
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Fed Chair Powell: Two percent will remain our inflation targetFederal Reserve Chair Jerome Powell delivered his speech Friday morning at the economic summit at the Jackson Hole Economic Symposium in Jackson, Wyo. Regarding the Fed's inflation target, Powell said, 'Two percent is, and will remain, our inflation target. We are committed to achieving and sustaining a stance of monetary policy that is sufficiently restrictive to bring inflation down to that level over time.' Powell added, 'We see the current stance of policy as restrictive, putting downward pressure on economic activity, hiring, and inflation. But we cannot identify with certainty the neutral rate of interest, and thus, there is always uncertainty about the precise level of monetary policy restraint.'
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