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Federal Reserve Chairman Jerome Powell delivers his highly anticipated speech Friday morning at the central bank’s Jackson Hole Virtual Symposium.
Markets don’t expect Powell to break new ground with the rhetoric, but it will nonetheless give him the opportunity to give his take on the economy as well as the appropriate policy response going forward.
The Fed may soon announce plans to withdraw its $ 120 billion-per-month bond buying program, although interest rate hikes are likely to be a good deal going forward.
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