A Tough Crowd for Powell at Jackson Hole

Jerome Powell: needs to prove he's not kidding (Image: Getty)

Tue, 23 Aug 2022

(Bloomberg Opinion) by Bill Dudley Nearly a year ago, when US Federal Reserve chair Jerome Powell delivered his speech at the annual economic conference in Jackson Hole, a global audience was hanging on every word for insights into the outlook for growth, inflation and monetary policy in an extremely uncertain environment.Given how mistaken his assessment proved to be, he’ll have a harder time sounding convincing when he gives his next speech in the same venue later this month. But for the sake of the Fed’s efforts to contain i...

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