Yahoo! Finance
In a video interview on Yahoo! Finance, BCG’s Global Chair Rich Lesser says that US Federal Reserve (Fed) Chair Jerome Powell’s remarks at this year’s Jackson Hole Economic Symposium were more “cautious than hawkish.” Lesser emphasizes that economic uncertainty remains, but he is confident that the Fed will be dependent on data to guide its decisions in the coming months—even if the Fed’s 2% inflation target is not immediately met. “It doesn’t change that 2% is the target, but it does say that an obsession to get to 2% fast is not necessarily serving the broader economy,” he notes.