Powell faces economic crossroads in Jackson Hole speech
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Jackson Hole, Fed and Gold
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Fed Chair Jerome Powell's speech in Jackson Hole, Wyoming, on Friday morning will be closely watched by global markets. (REUTERS) With the minutes of the July FOMC (Federal Open Market Committee) meeting indicating that Federal Reserve policymakers were ...
The U.S. dollar was little changed on Wednesday as traders awaited a speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole central bankers' symposium later this week for clues on the path of monetary policy.
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.