Jerome Powell's Jackson Hole Speech

1)The Fed is "prepared" to raise interest rates further if needed to bring inflation down to its 2% target

2)The Fed will not change its 2% inflation target.

3)The Fed will "proceed carefully" in deciding whether to raise rates again, and will take into account the impact of rate hikes on the economy

4)Lowering inflation will require a "softer" labor market, which means some job losses - like fire and brimstome from last year.