Jerome Powell, chairman of the US Federal Reserve, walks the grounds during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Friday, Aug. 22, 2025.
Jerome Powell, chairman of the US Federal Reserve, walks the grounds during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Friday, Aug. 22, 2025.Photographer: David Paul Morris/Bloomberg

Stephen Roach on BizNews: Why Fed chair Jerome Powell stands out as a hero

Powell’s Jackson Hole speech showcases courage and clear Fed strategy
Published on

Key topics:

  • Powell praised for defending Fed independence amid political pressure

  • Jackson Hole speech highlighted dual mandate and policy framework

  • Fed’s framework updated: 2% inflation target, ELB and averaging removed

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By Stephen S. Roach

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