Federal Reserve Chair Jerome Powell will address the Jackson Hole symposium amid mixed economic signals, with analysts expecting hints of a September rate cut but no firm policy commitments.
Federal Reserve Chair Jerome Powell will speak at the Jackson Hole Economic Symposium on August 22 at 10 p.m. Beijing time. Analysts expect him to potentially open the door to a September rate cut due to weak job growth but avoid making broader commitments until inflation shows clearer signs of easing. The Fed is facing political pressure from President Trump, who has called for rates to be cut to 1%, alongside investor expectations of multiple cuts. Powell is expected to take a cautious approach in light of mixed U.S. economic data.