Federal Reserve Chair Jerome Powell emphasized the need for continued vigilance in the battle against inflation in a meeting in Jackson Hole, Wyo on Aug 25. Although the summer months saw some easing in the pace of price increases, with core inflation rising by 0.2% for both June and July, Powell stressed that sustained improvement is necessary to build confidence. Powell's balanced approach seemed to have soothed some concerns, especially considering the market reaction following his speech at Jackson Hole the previous year.