Fed faces a pivotal test at Jackson Hole

Focus will be on how monetary policy influences the economy.

Sign up for Reuters newsletters One Essential Read One Essential Read Recommended by Kate Turton, Newsletter Editor At Jackson Hole, the Fed faces a pivotal test on unemployment   Reuters Federal Reserve Correspondent Howard Schneider reports that four years after Fed Chair Jerome Powell made fighting unemployment a bigger priority during the COVID-19 pandemic, he faces a pivotal test of that commitment. Powell is set speak on Friday at the Fed's annual conference in Jackson Hole amid rising joblessness, mounting evidence inflation is under control, and a benchmark interest rate that is still the highest in a quarter of a century. Read the full article Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters.com Between June 17 and August 16, Reuters One Essential Read is sent three days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. Reuters Terms & Conditions and Privacy Statement © 2024 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036