US Federal Reserve (Fed) Chair Jerome Powell said that they will adopt a new policy framework of flexible inflation targeting and eliminate the ‘makeup’ strategy for inflation, while delivering a speech on ‘Economic Outlook and Framework Review’ at the annual Jackson Hole Economic Symposium.
Fed
Warning -All Eyes Are on the Fed Tomorrow (29 July 2025)
All eyes are on the Fed tomorrow! – The FOMC will announce its decision on interest rates, a key moment that can trigger significant market volatility.
Fed Will Keep Trump Waiting Amid a Wave of Global Rate Cuts [21 July 2025]
Global Rate Cuts: — Donald Trump is struggling to get the Federal Reserve to cut interest rates, but policymakers around the world won’t need so much convincing.
Trump to fire Powell?
The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans. It remains to be seen whether he follows through with his threat.
Fed’s Hammack: Tariff impacts remain uncertain
Federal Reserve outlook: Beth Hammack of the Federal Reserve Bank of Cleveland depicted a fundamentally robust economy, despite inflation persistently surpassing the Fed’s target.