 "wall street")
The S&P 500 and the Nasdaq hit record highs on Friday as Federal Reserve Chair Jerome Powell signaled the U.S. central bank will remain patient as it tries to nurse the economy back to full employment.
In prepared remarks for a speech to the Jackson Hole economic conference, Powell said discussions about exactly when to begin reducing the $120 billion bond-buying program remain unresolved, and must be squared against the health and economic risks posed by the highly contagious Delta coronavirus strain.
"Even though a lot of the other Fed presidents have come out and said 'we're going to do
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