Powell to give his last Jackson Hole speech
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"Labor Market in Transition" is the theme of this year's monetary-policy symposium in Jackson Hole, Wyo., hosted by the Kansas City Fed. But it will be Fed Chair Jerome Powell's comments on inflation that are likely to carry the day for investors,
Fed Chair Jerome Powell gives his final speech in Jackson Hole as a debate over inflation and interest rate cuts rages on.
In a typical year, Jackson Hole sparks excitement mostly among market watchers. This time, the symposium feels more pivotal.
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.
Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will