Economics

Powell Confronts Fed’s Taper Ambitions at Symposium: Eco Week

South Korea may avoid rate hike, Hungary seen tightening
Brazil’s inflation data for August expected to exceed 9%

Jerome Powell
Photographer: Al Drago/Bloomberg

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By Steve Matthews and Robert Jameson

August 21, 2021 at 8:00 PM UTC

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Federal Reserve Chair Jerome Powell is expected to hint at prospects for an eventual reduction of monetary stimulus when he gives a long-awaited speech on Friday for the Jackson Hole symposium.