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Show Notes
<p>coming from Jeff Cox of CNBC </p>
<p>Federal Reserve Chair Jerome Powell spoke Thursday at the annual Jackson Hole conference convened by the Kansas City Fed, which was virtual this year due to COVID-19. </p>
<p>In the highly anticipated speech, Powell laid out a number of key changes to how the Fed approaches unemployment and inflation. </p>
<p>In a move that Chairman Jerome Powell called a “robust updating” of Fed policy, the central bank formally agreed to a policy of “average inflation targeting.” That means it will allow inflation to run “moderately” above the Fed’s 2% goal “…</p>