This week, Federal Reserve Chairman Powell outlined two priorities for the coming months at the Jackson Hole: keeping the U.S. economy running and carefully examining what went wrong in the past few years. The headline news from Powell's speech on Friday was mainly his concern about the cooling labor market. However, Powell also foreshadowed the Fed's first formal assessment of its strategy since the unprepared surge in inflation during the pandemic, which forced officials to quickly raise interest rates to catch up