Inflation Reduction Act & Jackson Hole | Big Updates
Inflation Reduction Act | Who Won, and Why? Medicare beneficiaries are the clear winners here. The details in this video. Even more powerful than the actual changes is the resulting stability to peoples' retirement plans.
(Reuters) - Federal Reserve Chair Jerome Powell will address the annual global central banking conference in Jackson Hole, Wyoming, on Aug. 26, a highly anticipated speech that could signal how high U.S. borrowing costs may go and how long they will need to stay there to bring down soaring inflation. Powell, in what will be his fifth year speaking at the event, will talk about the economic outlook at 10 a.m EDT (1400 GMT), the U.S. central bank said on Thursday.
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