Judging by a key speech he delivered last week, the market believes it has a Federal Reserve Chairman who will take a more measured pace when it comes to interest rates. Goldman Sachs economists think the market has it wrong. Fed Chairman Jerome Powell, speaking Friday at the central bank's annual retreat in Jackson Hole, Wyoming, delivered remarks that Wall Street interpreted as a dovish signal. They saw the speech as affirmation that Powell doesn't see inflation or financial excesses posing a threat, thus allowing the Fed to continue the "further, gradual" approach that he said it desires regarding rate hikes. ... (full story)