Fed, Jerome Powell
Digest more
Powell, interest rate
Digest more
Jerome Powell’s Jackson Hole speech pointed to a possible Fed policy shift as the jobs market weakens amid persistent inflation.
Investors cheered Federal Reserve Chair Jerome Powell's Jackson Hole address, which gave a green light to buy risky assets on the hope the central bank is ready to cut rates, but took his dovish message with a note of caution as they see a risk of stagflation ahead and worry markets are over-optimistic.
Federal Reserve Chairman Jerome Powell is delivering a high-profile speech in Jackson Hole, Wyoming, as he faces major pressure from President Donald Trump to lower interest rates. He’s scheduled to begin speaking at 10 a.