Fed Chair Jerome Powell to Speak at Jackson Hole Tomorrow
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Traders were selling ahead of the possibility that Fed Chair Jerome Powell's highly anticipated speech Friday could disappoint investor hopes for a signal that interest rate cuts are coming.
Follow live coverage and analysis of the Fed chairman's remarks at the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, on Friday.
Allianz advisor Mohamed El-Erian named BlackRock's Rick Rieder and former Fed governor Kevin Warsh as top candidates to replace Jerome Powell as Fed chair.
Small-cap stocks were edging up in the final hour of trade Thursday, with investors on edge about what Federal Reserve Chair Jerome Powell might say tomorrow about the path of interest rates. The Russell 2000 index of small-cap stocks was up 0.
Bloomberg journalists answer your questions live from the Federal Reserve’s annual meeting of central bankers in Jackson Hole, Wyoming.
Broad-based index now about 1.5% below record high; Walmart slips.
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 Justice Department signaled possible plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powell of the probe and encouraging him to remove her from the board in a letter sent Thursday.