Aug 22 (Reuters) – For workers hoping to hold onto wage gains and investors hoping to hang onto profits, Federal Reserve Chair Jerome Powell’s remarks this week to a central banking conference in Wyoming will lay out what he expects to happen in an economy battling inflation while also, some fear, edging towards a recession.
He’d be the first to acknowledge one uncomfortable fact: He has no idea what the next few months will bring.
“It’s very hard to say with any confidence in normal times … what the economy’s going to be doing in six or 12 months,” Powell said on July 27 after the end of the Fed’s last policy meeting. “These are not normal times.” read more
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Powell is scheduled to speak Friday morning at the Kansas City Fed’s annual Jackson Hole research conference held at a national park lodge outside of Jackson in the western U.S. state. The gathering is one of the…
