The Federal Reserve Chair Jerome Powell in the Jackson Hole symposium on Friday warned that the central bank is prepared to raise interest rates further and keep the borrowing costs high until inflation comes in the target range of 2%. Vanguard Consumer Discretionary ETF is the low-cost choice in the space, charging investors 10 bps in annual fees while volume is good at nearly 93,000 shares a day. Industrial sectors tend to benefit from the Fed’s hawkish stance as it reflects a stronger economy, which can lead to increased business investment, infrastructure spending and demand for durable goods.