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Federal Reserve Chairman Jerome Powell delivers his much-anticipated speech Friday morning as part of the central bank’s virtual Jackson Hole symposium.
Markets do not expect Powell to break any major ground with the speech, but it nonetheless will give him an opportunity to provide his view on the economy as well as the appropriate policy response going forward.
The Fed could soon announce its intention to pull back on its $120 billion a month bond-buying program, though interest rate hikes are likely a good deal off in the future.
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Fed’s Esther George says it’s time to start easing off on policy juice
This article was originally published on CNBC