Fed Chair Jerome Powell to give Jackson Hole speech
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Focus on Jackson Hole meeting
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Powell’s speech comes amid unprecedented pressure from the White House aimed at getting the central bank to lower borrowing costs.
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.
The economy and the markets are "under surveillance" as we cover the latest in finance, economics and investment.
Wall Street cheered remarks from Federal Reserve Chair Jerome Powell in Jackson Hole opening the door to a rate cut in September.
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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