Powell Between the Hammer of Inflation and the Anvil of Jobs The Farewell Speech at Jackson Hole Defines the Features of the Next Phase Over the years of his term, Federal Reserve Chairman Jerome Powell has used the annual research conference of the central bank in Jackson Hole, Wyoming, as a platform to deliver critical messages: In 2022, he pledged to tighten measures against inflation at any cost, while last year he returned to reaffirm his commitment to supporting the labor market through promises to lower interest rates after it seemed that unemployment was on the rise.

However, in his farewell speech at this year's conference, before the end of his term in May, Powell finds himself facing a difficult choice between the two approaches, after economic data has confused his strategy based on "data dependence," as the indicators have been contradictory: some suggest a slowdown in growth, while others reveal ongoing inflation risks. While his colleagues are divided over which risk is greater - inflation or unemployment - investors and the administration of President Donald Trump strongly expect the Fed to lower interest rates at its next meeting in September.

However, perhaps more important than the decision to lower rates itself is how Powell will present the next steps to assess an economy that appears to be slowing in some aspects while still holding firm in others, with signs of rising prices returning. Despite his flexibility in adapting to developments, #CryptoIntegration