The Chairman's Speech: What Will Jerome Powell Say?

Have you heard? Fed Chair Jerome Powell will speak on Friday morning at the Federal Reserve Bank of Kansas City’s annual Economic Policy Symposium, which is held at a nice resort at Jackson Hole, Wyoming.

Odds are he won't change his tune much from what he said in his prepared remarks at his July 27 presser, which was less than a month ago. Since then: July's employment report was stronger than expected with wages still rising rapidly, and July's CPI suggested that price inflation may be peaking but remains too high. Here are a few key excerpts from his presser that he is likely to repeat during his speech on Friday: