SPEECH BY THE FED CHAIR AT JACKSON HOLE (LIVE UPDATE)

THE FED CHAIR STATED THAT HE BELIEVES TARIFFS WILL CONTINUE TO AFFECT INFLATION, AND NO ONE KNOWS IF THIS IS JUST A SHORT-TERM INCREASE OR A LONG-LASTING INFLATIONARY PERIOD. THE FED'S BASE SCENARIO IS THAT THIS IS JUST A SHORT-TERM ADJUSTMENT, A ONE-TIME OCCURRENCE. ALTHOUGH THE FED REMAINS DETERMINED TO REDUCE AND MAINTAIN STABLE INFLATION, THE RISK OF A SIGNIFICANT INCREASE IN UNEMPLOYMENT RATE IS REAL.

Source: Thuancapital