Aug 27, 20201 min read

Fed Chair Powell Still In The Game

KEY POINTS From Jeff Cox CNBC

Fed Chairman Jerome Powell announced a major policy shift Thursday to “average inflation targeting.”
That means the central bank will be more inclined to allow inflation to run higher than the standard 2% target before hiking interest rates.
In addition to the inflation change, the Fed shifted its approach to employment in a way that will focus on those at the lower end of the income spectrum.

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