Don’t be fooled by the headlines from Jackson Hole or the quick euphoria on Wall Street. The true picture of what just happened is anything but reassuring for retirees. If you are retired, you probably need to live off the income from your investments,

Major brokerages anticipate a 25-basis-point rate cut by the U.S. Federal Reserve in September, following Chair Jerome Powell's speech at Jackson Hole highlighting labor market risks. Powell's remarks led Barclays and others to adjust their rate cut forecasts,

The president's latest attack comes as Powell is scheduled to deliver remarks at the Fed's annual conference in Jackson Hole, WY, on Friday.