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Powell Cares More About Fed “Independence” than Inflation and the Economy
mises.org/mises-wire/powell-cares-more-about-fed-independence-inflation-and-economy
Wall Street cheered Fed Chair Jay Powell’s annual Jackson Hole speech on Friday with a stock market rally that erased the losses seen earlier in the week. Wall Street interpreted his speech as signaling that the Fed will shift to a more “dovish” stance and likely cut rates at their…
This story appeared on mises.org, 2025-08-27 14:02:17.