US Federal Reserve Chairman Colin Powell will address the assessment of the monetary policy framework next week

Federal Reserve Chairman Jerome Powell will address the long-awaited “monetary policy framework assessment” at next week’s Jackson Hole annual symposium. The assessment focuses on new inflation strategies. < / P > < p > according to the weekly schedule of Federal Reserve activities announced on Thursday, this year’s speech at the Federal Reserve Bank of Kansas City will be conducted by video and broadcast live to the public. The speech is scheduled to air at 09:10 New York time on August 27. < / P > < p > policy makers discussed a more relaxed approach to inflation, which sometimes requires inflation to exceed the 2% target in order to bring average results closer to that target. < / P > < p > “one possibility is that he will outline the committee’s considerations in the evaluation process and why,” said Roberto perli, a former Federal Reserve economist and partner at cornerstone macro LLC in Washington. “Then he may summarize what seems to be a consensus, which is to let inflation slightly exceed the target, taking into account the average inflation rate.” According to the minutes of the July 28-29 meeting of the Federal Open Market Committee released on Wednesday, officials are pushing for a new statement on longer-term goals and strategies, which will mark the completion of the strategy assessment. < / P > < p > “Powell’s situation is very delicate,” says Michael Woodford, an economist at Columbia University who spoke at Jackson Hall’s annual meeting. “He may want to explain how the assessment of the framework is gradually reaching consensus, but will not be too clear about what they will announce after the September meeting.”