Powell faces economic crossroads in Jackson Hole speech
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Chip Somodevilla / Getty Images All eyes are on Federal Reserve chair Jerome Powell, whose speech at the central bank's annual Jackson Hole Symposium could test the stock market rally that's lifted stocks to record highs. Deutsche Bank analysts warned in a ...
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.
2don MSN
Powell has used Jackson Hole to battle inflation and buoy jobs; he's now caught between both
Incoming information has confounded Fed Chair Jerome Powell's data-dependent strategy by pulling in both directions.
Gold rates fell in early trade on Wednesday, August 20, as a stronger dollar weighed on sentiment, while investors awaited the minutes of the US Federal Reserve’s last policy meeting and Fed Chair Jerome Powell’s speech at Jackson Hole on Friday.