The Whole of Jackson Hole
The Federal Reserve adds to policy affecting all consumers businesses, and financial institutions. Read why and how.
The Fed Alters Policy for the First Time in 73 Years
Lake Forest, IL (September 1, 2020) Without a doubt the Federal Reserve on August 27, 2020 lead by Chair Jay Powell made its most important statement since President Truman gave the Fed its dual mandate of maximizing employment and price stability in 1947. What was left out of Powell’s statement is most important.
The most critical phrase from Chair Powell’s address to the Kansas City Fed’s yearly conclave in Jackson Hole, WY (this year virtual) is, “. . . we are prepared to use our full range of tools to support the economy.” What tools? Other tools are the fundamental shift in monetary policy by the Federal Reserve. READ FULL ARTICLE
Written By: m.moebs
Date Posted: 9/1/2020
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