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
Leadership
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
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