Kansas City Fed president undecided on 50, 75 basis point rate hike ahead of meeting
FOX Business’ Edward Lawrence speaks with Federal Reserve Bank of Kansas City President Esther George from Jackson Hole, Wyoming, about the economic outlook for the remainder of the year.
It may be considered Jerome Powell's most significant speech of the year.
The Federal Reserve chairman's remarks to investors and economists will be the marque event at the Fed's annual symposium at Jackson Hole.
People will be looking for clues on where the Fed is heading on interest rates, mainly how big and for how long.
With inflation around 9%, Powell will likely stress that the Fed is determined to bring it down to its 2% target, no matter what it takes.
THE FED IS AIMING TO ‘MEANINGFULLY DECELERATE’ INFLATION BY TIGHTENING POLICY, KANSAS CITY FED PRESIDENT SAYS