WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday that Federal Reserve Chair Jerome Powell is "hurting" the housing industry "very badly" and said he should cut interest rates. Trump has repeatedly urged Powell to cut interest rates while also sharply criticizing Powell.

The TV-style approach could present the White House with an excuse to meet with some current Fed officials who don’t support lowering rates.

Central bankers gathering in Jackson Hole, Wyoming this week for the Federal Reserve’s annual conference are prepared to go beyond swapping research papers and savoring mountain views — they’re coming to defend Jerome Powell.

Palo Alto Networks jumped 6.3% overnight after the cybersecurity company beat Wall Street’s sales and profit forecasts. The California company also announced the retirement of Nir Zuk, its founder, chief technology officer and board member.

Investors continue to price in a 0.25% cut from the Federal Reserve next month, although they have lowered their expectations about that.

Markets bet on a September Fed rate cut at Jackson Hole, but sticky inflation, Trump tariffs, and Powell’s framework review could derail expectations.