Interest Rates

Fed chief debuts at Jackson Hole, emphasizes need to evaluate real-world economic indicators as well as economic models in making interest rate decisions.

“It is difficult to argue that lower-than-normal rates are appropriate when unemployment is low and inflation is effectively at the Fed's target.”

Some regional bank presidents want “Powell put,” agreement to cut rates if bond yield curve inverts.

Federal Reserve Chairman is trying to maintain flexibility to respond to changes in economic environment.

If trade conflicts drive up consumer prices, Fed may raise interest rates more aggressively than expected.

Powell lauds economy, as the benchmark rate rises to 2%.