Jackson Hole, Jerome Powell and Fed
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Powell delivered the guidance in a highly anticipated speech on Friday at the central bank's annual symposium in Jackson Hole, WY.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
As Fed Chairman Jerome Powell spoke at the annual conference in Wyoming, U.S. President Donald Trump threatened to fire Fed Governor Lisa Cook.
17hon MSNOpinion
What Fed must do now after Jerome Powell's Jackson Hole epiphany
Federal Reserve chairman acknowledges tariffs create only one-time price adjustments, not inflation spirals, as calls grow for aggressive 100 basis point rate cuts.
Wall Street rallied on Friday after Federal Reserve Chair Jerome Powell signaled a rate cut could be on the horizon.
6hon MSNOpinion
Opinion: Jackson Hole conference and our economic future
The annual conference of central bankers and others engaged with economics at Jackson Hole, Wyoming, from Aug. 21-23, has been especially noteworthy. Federal Reserve Chairman Jerome Powell indicated more clearly than in the past that a cut in interest rates is likely at the September meeting of the Federal Open Market Committee.
The Federal Reserve notes the balance of risks to the U.S. economy may warrant a shift in policy stance – in other words, a rate cut. Read more here.