Powell faces economic crossroads in Jackson Hole speech
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The highlight of the Kansas City Fed’s Jackson Hole central bank symposium is the Federal Reserve chair’s speech on Friday. This year, the U.S. economy faces economic and political cross-currents as Jerome Powell addresses the gathering for the last time as head of the central bank.
President Trump Wednesday called on Federal Reserve governor Lisa Cook to step down over claims of “mortgage fraud” as he presses his feud over economic policy with the central bank. “Cook must resign,
The U.S. dollar was little changed on Wednesday as traders awaited a speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole central bankers' symposium later this week for clues on the path of monetary policy.
Jay Powell’s speech at the Federal Reserve’s August summit in Jackson Hole, Wyoming, is always a high-stakes moment. This year, the central bank’s chair takes the podium under fire — facing fierce attacks from Donald Trump and a growing insurgency within his own institution.