Fed Chair Powell could signal the likelihood of high rates for longer in closely watched speech

File - Federal Reserve Chairman Jerome Powell speaks during a House Financial Services Committee hearing in Washington, June 21, 2023. When Powell delivers a high-profile speech Friday in Jackson Hole, WY., many analysts think he could make one thing clear: That the Fed plans to keep its benchmark interest rate at a peak level for longer than had been expected. (AP Photo/Andrew Harnik, File)