🇺🇸 Jerome Powell, head of the US Federal Reserve, speaks at the Jackson Hole Economic Symposium, key messages: - The Fed is prepared to raise rates further if necessary. - We will proceed cautiously. - Inflation is falling more slowly than expected. - Restrictive policy is needed until inflation slows steadily. - We intend to keep rates at restrictive levels until inflation falls to 2%. - Rents in the housing market point to a slowdown in inflation. Observation. - Some progress in service sector inflation is needed. - Rates will remain restrictive until we see a sustained decline in inflation toward the target. *Ru post version. #cryptoworldnews