Federal Reserve Chair Jerome Powell delivered her annual address Friday morning at the Central Bank’s annual symposium in Jackson Hole, Wyoming.
He showed that as the terms “we could guarantee that interest rates will be reduced” as interest rates proceed “cautiously.”
The market is looking for Powell to provide strong tips on rate cuts in September.
On their part, the chairman and other officials have been cautious about easing monetary policy due to the impact of tariffs on inflation.
At the same time, the Fed has recently discovered that he has been caught up in some apolitical controversy. White House officials have criticized the Fed for major renovation projects in Washington, D.C., headquarters and President Donald Trump. Cook said she would “not be bullied” to let her go.
read more:
Federal Reserve Chairman Powell is scheduled to give a speech for Big Jackson Hole on Friday. This is what Wall Street is hoping for
Kansas City Fed’s Schmidt has hesitated about the widely anticipated September interest rate cuts
The split Fed worrying about tariffs, inflation and labor market, minutes show
Who will Trump choose the Fed chair? Listen in your own words from all candidates
Trump nominates economic adviser Trump Stephen Milan becomes new federal governor and replaces Coogler
Subscribe to CNBC on YouTube.
