<p>This week, Federal Reserve Chairman Powell outlined two priorities for the coming months at the Jackson Hole: keeping the U.S. economy running and carefully examining what went wrong in the past few years. The headline news from Powell's speech on Friday was mainly his concern about the cooling labor market. However, Powell also foreshadowed the Fed's first formal assessment of its strategy since the unprepared surge in inflation during the pandemic, which forced officials to quickly raise interest rates to catch up</p>

<p>Federal Reserve Chairman Powell emphasized two priorities for the coming months at Jackson Hole: keeping the U.S. economy running and evaluating issues from the past few years. He expressed concerns about the cooling labor market and foreshadowed the Fed's first formal strategic review since the pandemic to correct past decisions of rapid interest rate hikes due to soaring inflation</p>

As the Federal Reserve prepares to ease monetary policy, Powell says a strategic review will be conducted