A year ago, Federal Reserve chair Jerome Powell stepped to a lectern in the Grand Tetons to deliver an almost comically succinct and simple message: that inflation was too high and the Fed would do whatever it takes to bring it down. That was then. Now, with the Fed having pushed interest rates much higher than nearly anyone expected and inflation seemingly on a glide path downward, he has room for nuance. Why it matters: Financial markets worldwide will hang on Powell's speech, scheduled for 10:05am ET Friday. He and previous Fed chiefs have used their curtain-raising speeches at the Kansas City Fed's annual ... (full story)