Jackson Hole, Powell and s&p 500
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13hon MSN
Powell has used Jackson Hole to battle inflation and buoy jobs; he's now caught between both
Incoming information has confounded Fed Chair Jerome Powell's data-dependent strategy by pulling in both directions.
Wall Street will be listening closely to Federal Reserve Chair Jerome Powell's speech Friday at the Jackson Hole economic policy summit, where he could signal whether the central bank is ready to cut borrowing costs at its next meeting in September.
This week's set-piece event is the Jackson Hole central-bank gathering in Wyoming, slated for Thursday through Saturday. Investors will be glued to Federal Reserve Chair Jerome Powell's speech, hoping for any insight into whether the central bank might kick off interest-rate cuts in September.