Economists believe that when Federal Reserve Chairman Jerome Powell speaks on Friday at the annual Jackson Hole research conference, he will need to thread a needle between signaling what the central bank must do soon regarding interest rates and what it needs to do with rates over the longer run.

Addressing those questions means conditioning market expectations for the size of an almost certain interest rate increase in September, and what the Fed plans to do with rates longer term when recession worries are running high and markets are already considering rate cuts.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Breast-Cancer Pill Reduced Recurrence, Death in Early-Stage Patients, Study Finds

A drug sold by AstraZeneca AZN 0.27% PLC and Merck MRK 2.16%…

Hawaii close to honoring Juneteenth, leaving 1 state holdout

HONOLULU — Hawaii was poised to become the 49th state to recognize…

Stitch Fix to Cut 20% of Salaried Jobs as CEO Steps Down

Business Founder Katrina Lake will return to lead personal shopping and styling…

Marilyn Bergman, Oscar-winning composer, dies at age 93

Marilyn Bergman, the Oscar-winning lyricist who teamed with husband Alan Bergman on…