Ramazan Eles 
During the Jackson Hole Economic Policy Symposium, Jerome Powell, the Chair of the U.S. Federal Reserve, emphasized that the moment has arrived to make necessary adjustments to policy. He noted, “The pace and scale of rate cuts will be determined by upcoming data.”
This symposium brought together central bank leaders, academics, and government officials to discuss long-term policy matters.
In his address, Powell stated:
“It’s time for policy to be adjusted. Conditions have tightened somewhat, and we’re nearing pre-pandemic levels. Our confidence in reaching our 2% inflation target has strengthened. The slowdown in the labor market signals a return to normalcy. We don’t anticipate a more significant slowdown in employment. Future data will dictate the speed and extent of rate cuts.”
The symposium’s theme: Reevaluating the Effectiveness and Communication of Monetary Policy
Since 1978, the Kansas City branch of the Federal Reserve has hosted this symposium, and this year’s focus is on “reevaluating the effectiveness and communication of monetary policy.”
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