central bank facing the worst breakout of inflation since the early 1980s, and raising interest rates fast to counter it, Powell is expected to keep the focus squarely on that battle – and on the Fed's singular commitment to winning it. The gathering also offers an attention-getting perch for a Fed chief or other policymaker to fine-tune their messaging. The gathering is one of the central banking profession's A-list events, with global officials kibbitzing over cocktails, listening to presentations on new research, hiking the Grand Teton mountains and fly fishing for fine-spotted cutthroat trout on the Snake River. 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. 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. 'It's very hard to say with any confidence in normal times. He'd be the first to acknowledge one uncomfortable fact: He has no idea what the next few months will bring.

US30 US Wall Street 30 (USA 30, Dow Jones)Īug 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.

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