bracing

Powell bracing Americans for job loss as inflation fight continues: Atlanta Fed president

Federal Reserve Bank of Atlanta President Raphael Bostic says Fed Chair Jerome Powell’s Jackson Hole speech was to prepare Americans for the possibility of ‘job loss,’ and its ‘mild impact’ on the economy. Following Federal Reserve Chair Jerome Powell’s hawkish message at the annual Jackson Hole symposium, Atlanta’s Fed Bank President Raphael Bostic expanded on …

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Financial markets are bracing for what could be a ‘very hawkish’ Jackson Hole speech by Fed’s Powell

Financial markets are bracing for Friday’s widely-anticipated Jackson Hole speech by Federal Reserve Jerome Powell and are expecting he’ll signal the continued need for aggressive interest rate hikes to combat inflation despite the risks to economic growth. That’s the general takeaway from analysts, economists and investors in the run-up to Powell’s remarks, a day after …

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