Powell: The previous framework overemphasized specific economic conditions, and the new framework is designed to accommodate a variety of economic conditions
2025-08-22 14:14:22
Speaking at the annual meeting of global central banks in Jackson Hole, Federal Reserve chairperson Jerome Powell said that the previous framework, which was designed to accommodate a variety of economic conditions, may have caused some confusion by placing too much emphasis on specific economic conditions. When there is a conflict between the Fed's goals, the new framework requires a balanced response.
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