Jerome Powell's Jackson Hole speech in focus
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As was the case last year, Wall Street will keenly watch Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole economic conference. Traders are looking for signs that the central bank is about to cut interest rates.
Federal Reserve Chair Jerome Powell is set to give what could be his most consequential speech yet — just a few days after one of his colleagues was threatened with prosecution for alleged mortgage fraud.
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.
Key Takeaways Federal Reserve officials and their global colleagues often deliver remarks at the Jackson Hole Symposium that have implications for interest rates.Federal Reserve Chair Jerome Powell’s speech on Friday will command attention,