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What's in a framework?
The fashion world has the Met Gala. The movies have the Oscars. Central banking has an annual gathering in Jackson Hole, Wyoming. Fed Chair Jerome Powell will deliver a speech, where economists will be listening for clues on interest rates. But there’s another pressing issue looming over Powell’s speech: a new five-year framework for the Fed's interest rate strategy. We have an explainer. Plus, there's new evidence that first-time homebuyers remain undeterred.
Published on 4 days, 11 hours ago