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Rate cut watch: All eyes on Fed Chair Powell's final Jackson Hole speech
As Federal Reserve officials gather in Jackson Hole, Wyo., this week for their 43rd annual economic policy symposium, Federal Reserve Chair Jerome Powell and his central bank colleagues face a dilemma: hold interest rates steady in September on account of rising inflation, or lower rates thanks to weaker job market reports. That's what a very divided Fed is tussling with as markets are pricing in a quarter percentage point rate cut next month — and President Trump pounds Chair Powell to lower rates. Investors will be listening for clues about what the Fed may do in September when Chair Powell gives his speech on ... (full story)
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