Fed Chair Jerome Powell signals path to rate cuts
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It’s time once again for central bankers, economists and academics to gather in Jackson Hole, Wyoming, for the Federal Reserve of Kansas City’s annual economic policy symposium. The gathering comes as the Fed finds itself an increasing focus of criticism from the White House as President Donald Trump seeks to transform the global economy and the US workforce.
The Fed chair delivered a “virtuoso performance” with his Jackson Hole speech, says State Street’s Michael Arone
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All eyes on Jackson Hole
Investors are gearing up to listen closely to Federal Reserve Chair Jerome Powell speak at Jackson Hole.
Bitcoin and Ethereum are under strain ahead of today’s widely watched Jackson Hole speech by Federal Reserve Chair Jerome Powell. At present, Bitcoin is priced at $112,517.20, down 5.4% this week, while Ethereum is down 7.4% to $4,296.05. XRP is also showing weakness, down almost 9% over the same time.
Wall Street cheered remarks from Federal Reserve Chair Jerome Powell in Jackson Hole opening the door to a rate cut in September.
Fed Chair Powell sparked a big rally as he signaled the central bank could cut rates in September in his remarks at the Jackson Hole policy symposium.
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.