At the Federal Reserve’s annual Jackson Hole Economic Symposium on Friday, Fed Chairman Jerome Powell said the central bank's plan to cut inflation to 2% will cause "some pain" for U.S. households.
Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors, told Benzinga that while the contents of the Fed chair’s speech were expected, the statement that there will be some pain for households and businesses came off as striking.
