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Dow Jones NewsAug 22, 2:21 PM UTC
DJ Highlights From Powell's Jackson Hole Speech -- WSJ
By WSJ Staff
Here are some of the key quotes from Federal Reserve Chair Jerome Powell's speech this morning in Jackson Hole, Wyo.
On the Economy
-- "In terms of the Fed's dual-mandate goals, the labor market remains near maximum employment, and inflation, though still somewhat elevated, has come down a great deal from its post-pandemic highs. At the same time, the balance of risks appears to be shifting."
On the Job Market
-- "While the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers. This unusual situation suggests that downside risks to employment are rising."
On Tariffs
-- "The effects of tariffs on consumer prices are now clearly visible. We expect those effects to accumulate over coming months, with high uncertainty about timing and amounts. The question that matters for monetary policy is whether these price increases are likely to materially raise the risk of an ongoing inflation problem."
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This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
August 22, 2025 10:21 ET (14:21 GMT)
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