5 Things Fed Chair Powell Might Address At Jackson Hole
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One of this week's big events is Federal Reserve Chair Jerome Powell's speech at the central bank's annual symposium in Jackson Hole, Wyo., on Friday, and he may turn out to be less inclined to cut interest rates than many think.
U.S. stocks start little changed, digesting last week's gains. Investors look to key earnings and Fed conference for direction this week.
Federal Reserve Chair Jerome Powell will give a speech on the economic outlook and the Fed's review of its policy framework next Friday at the Kansas City Fed's annual central banking conference in Jackson Hole,
Sleepy August trading action on Monday morning saw stocks going nowhere fast but belies anticipation surrounding Federal Reserve Chair Jerome Powell's Friday speech at the annual monetary policy symposium in Jackson Hole,
WASHINGTON (Reuters) -Fed Chair Jerome Powell used the central bank's annual Wyoming research conference to promise inflation-fighting rigor when it was needed in 2022, then last year he came to the defense of the job market with promises of lower interest rates when the unemployment rate seemed on a steady rise.
U.S. stock futures are lower after last week's gains on increased expectations for a Federal Reserve rate cut in September.
In a post on his Truth Social social-media network, Trump again urged the Fed to lower interest rates, writing: “I am … considering allowing a major lawsuit against Powell to proceed because of the horrible, and grossly incompetent, job he has done in managing the construction of the Fed Buildings.”
Ga., plans to introduce his TOO LATE Act, which would change the Federal Reserve Act to give President Donald Trump more wiggle room to fire Federal Reserve Chair Jerome Powell.