![Jerome Powell, chairman of the U.S. Federal Reserve, speaks during the Jackson Hole economic symposium seen on a laptop computer in Tiskilwa, Illinois, U.S., on Thursday, Aug. 27, 2020. This year investors can listen directly during the Federal Reserve Bank of Kansas City's annual event because it will be conducted virtually due to the coronavirus pandemic and streamed live to the public for the first time. Photographer: Daniel Acker/Bloomberg](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/OUFYHYOWLGSYFCGUZAWBIDTQEQ.jpg?smart=true&auth=91697d31f96c4b0255617a88a683083f19eb61667a3576634e94b39b0e4a67b7&width=400&height=225)
Jerome Powell, chairman of the US Federal Reserve, speaks virtually during the Jackson Hole economic symposium. Bloomberg
Jerome Powell, chairman of the US Federal Reserve, speaks virtually during the Jackson Hole economic symposium. Bloomberg
US Fed policy shift will likely keep interest rates low for years
The new policy allows employment and inflation to run higher in the US as the pandemic continues to affect its economy