Powell at Jackson Hole, Fed Minutes, Walmart Earnings
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9hon MSN
Powell has used Jackson Hole to battle inflation and buoy jobs; he's now caught between both
Fed Chair Jerome Powell used the central bank's annual Wyoming research conference to promise inflation-fighting rigor when it was needed in 2022, then last year he came to the defense of the job market with promises of lower interest rates when the unemployment rate seemed on a steady rise.
The investing world will turn its attention to northwestern Wyoming in the week ahead, with Chair Jerome Powell set to give his most important policy speech of the
Federal Reserve Chairman Jerome Powell will deliver a speech next Friday at the Kansas City Fed's annual central banking conference in Jackson Hole, Wyoming. You might be interested in: U.S. orders deployment of military forces in the Caribbean to fight Latin American drug cartels labeled as terrorists,
5don MSN
Trump threatens to sue ‘loser’ Jerome Powell — as SF Fed chief says interest rates finally may fall
Trump said that his next line of attack against “loser” Jerome Powell for refusing to lower interest rates could be a lawsuit over his $2.5 billion HQ renovation.
President Donald Trump is considering suing Federal Reserve Chair Jerome Powell, White House press secretary Karoline Leavitt said Tuesday.
U.S. stock futures are lower after last week's gains on increased expectations for a Federal Reserve rate cut in September.
The Fed chair’s annual speech in Jackson Hole, Wyoming can be an opportunity to flag policy shifts. Powell used it for that purpose last year, and delivered a big cut soon after. He’s under intense pressure from President Donald Trump for a repeat performance.
July inflation data suggests the FOMC’s dual mandate may not be in as much of a pickle as economists previously feared.