Powell, Jackson Hole and Federal Reserve
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At Jackson Hole, Jerome Powell could lay out more overarching changes to the central bank’s dual mandate that will last long after his tenure is up next May and mark part of his legacy.
The dollar got off on the front foot on Wednesday following two days of gains as traders awaited the Federal Reserve's Jackson Hole annual symposium later this week for clues on the path for monetary policy.
The Federal Reserve chairman is under bombardment from Donald Trump and battling an insurgency within the central bank as he heads to Jackson Hole.
Federal Reserve Chair Jerome Powell is slated to speak on Friday at the Fed’s annual gathering of central bankers in Jackson Hole, Wyoming, and Evercore ISI warns that market participants might not love what he has to say.
Powell’s Jackson Hole speech looms as markets temper Fed rate-cut bets, with hot PPI data, labor market weakness, and tariff risks clouding outlook.
The annual Jackson Hole Economic Symposium takes place later this week. It will attract policymakers from around the world and feature highly anticipated remarks from Federal Reserve Chair Jerome Powell.
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