At the Federal Reserve’s annual conference in Jackson Hole, Wyoming last week, Fed Chairman Jerome Powell alerted attendees and along with them the American Public in general that they should prepare for “some pain.” In relatively brief remarks that Powell himself said would be “shorter, narrower, and more direct” than usual, the Chairman
The Impending Pain
At the Federal Reserve’s annual conference in Jackson Hole, Wyoming last week, Fed Chairman Jerome Powell alerted attendees and along with them the American Public in general that they should prepare for “some pain.” In relatively brief remarks that Powell himself said would be “shorter, narrower, and more direct” than usual, the Chairman