#PowellRemarks Jerome Powell, Chairman of the Federal Reserve, delivered key remarks at the 2021 Economic Symposium in Jackson Hole, Wyoming. He acknowledged the economy's uneven recovery from the pandemic, citing strong policy support and increased aggregate personal income. However, he noted concerns about inflation, attributing it to supply and demand imbalances and shortages. Powell assured that the Fed would monitor inflation carefully and adjust policies as needed, emphasizing that any sustained increase in inflation would be addressed. He also discussed the labor market, highlighting the need for further progress toward maximum employment, particularly for lower-wage workers and African Americans.