Analysts say Jerome Powell unlikely to suggest ‘mission accomplished’ in address to central banking summit
The world’s most powerful central banker, Jerome Powell, is expected to disappoint investors looking for reassurance that US interest rates have peaked when he gives a much-awaited speech to his peers on Friday.
Topping the bill at the three-day annual conclave of central bankers that begins on Thursday at Jackson Hole in Wyoming, the chair of the Federal Reserve will leave the door ajar for further increases in US borrowing costs over the coming months should inflationary pressures persist.
About Author
More Stories
BYD launches cheapest UK model in bid to overtake Tesla as biggest electric carmaker
Jane Birkin’s original Hermès handbag to be sold at auction in Paris
‘They went too far’: Musk says he regrets some of his posts about Trump