Powell Speech Adds To Uncertainty About Interest Rates

Investors were seeking clarity about the outlook for interest rates from a Jackson Hole economic symposium but found little from Federal Reserve Chair Jerome Powell, who compared monetary policy to "navigating by the stars under cloudy skies."

While Powell reiterated the Fed's target of 2 percent inflation, he called it "challenging" to know when monetary policy is restrictive enough to "know in real time when such a stance has been achieved."

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com