Fed's Powell at Jackson Hole
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While Jerome Powell delivers his annual address, President Trump issues a fresh threat against a Fed governor, Lisa Cook.
Federal Reserve Chair Jerome Powell just gave Wall Street—and Main Street— a reason to celebrate. In a closely watched speech at the Fed's annual Jackson Hole conference, Powell sent a clear signal that the central bank is preparing to shift its stance on interest rates as early as next month.
The FTSE 100 and European stocks were higher on Friday as markets turn their attention to the much-anticipated speech by US Federal Reserve chair Jerome Powell. He is set to speak
Federal Reserve Chair Jerome Powell opened the door for the central bank to cut rates as soon as next month. The Wall Street Journal's chief economics correspondent, Nick Timiraos, weighs in on the important points in Powell’s Jackson Hole speech.
Wall Street's main indexes climbed more than 1 per cent on Friday (Aug 22) after US Federal Reserve Chair Jerome Powell pointed to a possible interest-rate cut at the central bank's next policy meeting during his Jackson Hole Symposium speech.