Fed Chair Powell delivers key policy speech at Jackson Hole
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Federal Reserve President Jerome Powell released on Friday morning at the Central Bank’s annual symposium at Jackson Hole in Wyoming.
The markets, which are expected to review the economic situation of the speech and the Fed’s five -year frame appearance, are also looking to Powell to give strong clues about the deduction of the September interest rate.
The president and other officials were cautious about alleviating monetary policy with the impact of tariffs on inflation. Nevertheless, the markets are pricing better than 70% of the probability of using the Fed’s meeting next month to reduce interest rates for the first time since December 2024, between 4.25% and 4.50%.
With the perspective of the rates, markets will closely pay attention to Powell’s labor market and inflation assessment.
At the same time, the Fed found himself involved in the debate without many poliks. The White House officials called on Washington, DC, Headquarters and President Donald Trump and others to resign from the charges of mortgage fraud.
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