The US economy pushed past its 10th anniversary of expansion in July 2019. But while unemployment remains low and inflation in check, GDP growth is slowing from its vigorous 2018 pace. Add to that an escalating trade war, tepid global growth and president Donald Trump’s persistent hammering of the central bank, and the Federal Reserve has its hands full. Business leaders can gauge Fed chair Jerome H. Powell’s thinking about future monetary policy in his remarks delivered at the annual Jackson Hole Economic Symposium in August 2019.
About the Author
Jerome H. Powell is the chair of the board of governors of the Federal Reserve.