Last week, Federal Reserve Chairman Jerome Powell delivered his anxiously anticipated speech at the annual economic policy conference in Jackson Hole. The speech garnered attention for its hawkish tone, outlining the Federal Reserve’s commitment to combating inflation and laid out the current economic landscape, challenges and policy considerations.
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The world has entered the second half of 2020 just as troubled (if not more so) as it did in the first half. And as financial forecasts grow grimmer by the day, one thing is starting to become painfully clear to all—we might not see a full recovery in 2020, and even one happening in 2021 would depend on a lot going right.