Powell Says Fed Must Show Resolve in Fighting Inflation

Wall Street Journal, Aug. 26, 2022–Nick Timiraos (subscription)
The Federal Reserve must continue raising interest rates and hold them at a higher level until it is confident inflation is under control, Chairman Jerome Powell said in a widely anticipated speech Friday.
https://www.wsj.com/articles/feds-jerome-powell-set-to-speak-on-economic-outlook-at-jackson-hole-11661476059?mod=hp_lead_pos1&mod=hp_lead_pos1