Jackson Hole, Jerome Powell and Wall Street
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The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.
U.S. stocks ended mostly flat on Monday as investors followed the meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky and awaited Federal Reserve Chair Jerome Powell's Friday speech at the annual monetary-policy symposium in Jackson Hole,
All eyes are on Jerome Powell this week as he prepares to make a major speech in this week where investors are hoping to gain insight into rate cuts.
Jerome Powell has the ideal platform Friday to deliver a clear signal the Federal Reserve is about to resume cutting interest rates. But the economy isn’t giving him an equally clear signal that now is the time.
14hon MSN
Powell has used Jackson Hole to battle inflation and buoy jobs; he's now caught between both
By Howard Schneider 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.
Chair Jerome Powell in remarks on Friday is expected to unveil the Fed’s new policy framework — the strategy it’ll use to achieve its inflation and employment goals. Powell may also drop some hints about the Fed’s thinking ahead of its September policy meeting.