Fed Chair Powell has used Jackson Hole to signal what's next
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The Trump administration has pressured Powell, whose term as Fed chair expires next year, to step down as chair of the central bank.
Wall Street cheered remarks from Federal Reserve Chair Jerome Powell in Jackson Hole opening the door to a rate cut in September.
The economy and the markets are "under surveillance" as we cover the latest in finance, economics and investment.
If inflation starts climbing again after a rate cut, “the Fed will have to reverse course — and in the worst case, start hiking again,” Slok said.
Brent Donnelly of Spectra Markets ran a sizeable survey of expectations for Fed Chair Jerome Powell's speech, and of the 473 responses, 51% expect a neutral-to-boring outcome and 43% see a hawkish tint.
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