Powell: The Previous Framework Placed Too Much Emphasis on Specific Economic Conditions, the New Framework Aims to Adapt to a Variety of Economic Scenarios
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According to a report by Jinse Finance, Federal Reserve Chair Jerome Powell stated at the Jackson Hole Global Central Bank Annual Meeting that the previous framework placed too much emphasis on specific economic conditions, which may have caused some confusion; the new framework is designed to adapt to a variety of economic situations. When there are conflicts between the Fed’s objectives, the new framework calls for a balanced approach in response.
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