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Monday, September 5, 2022

Federal Reserve Chair Powell Gives Business Leaders at Jackson Hole A Call-To-Action: 'The Fed Won't Lower Prices Until You Do'

If you're wondering what sent the markets into free-fall, it was Federal Reserve Chair Jerome H. Powell's speech. He essentially told a group of business leaders at Jackson Hole that he was going to raise prices on debt until they (business leaders) lowered prices for the average consumer and/or increased wages for the average worker. It didn't go over well.