By Jake Smith | The Street
Federal Reserve Chairman Jerome Powell will take the stage at the central bank’s annual retreat in Jackson Hole Friday with renewed confidence that inflation is receding and the economy is poised, albeit delicately, for a so-called soft landing.
That knowledge, cemented by recent data, a resilient stock market and fading recession risks, will likely form the tone of his keynote address to attendees at the central bank’s symposium in the northwest Wyoming resort town, which will be tracked by investors on Wall Street and around the world.