The Federal Reserve Chairman Jerome Powell is now delivering his speech at the Jackson Hole Symposium with key quotes, via Reuters, found below.
- Real wages, particularly for medium- and low-income workers, have grown quite slowly in recent decades.
- ‘Good reason’ to expect strong economy to continue.
- No clear sign of inflation accelerating above target
- My colleagues and I are carefully monitoring incoming data.
- Strong growth in income and jobs continues, further gradual hikes will be appropriate.
- We are setting policy to do what monetary policy can do to support continued growth, a strong labor market, and inflation near 2 percent.
- While inflation has recently moved up near 2 percent, we have seen no clear sign of an acceleration above 2 percent, and there does not seem to be an elevated risk of overheating.
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