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Ahead of Powell's speech, investors had priced in nearly 100% odds the Fed would lower rates next month, with odds on a cut of 0.25% vs. 0.50% standing at roughly two to one.
Fed Chair Jerome Powell is taking questions from journalists after the central bank held interest rates steady following three consecutive cuts at the end of 2024.
Last year, investors interpreted Powell’s Jackson Hole remarks as a sign that the Fed was done hiking rates, despite Powell saying it could still happen. Markets rallied , with the Dow adding ...
Powell in his speech Thursday emphasized that getting to the Fed's target would still be challenging. "We know that ongoing progress toward our 2% goal is not assured," he said. Inflation, he ...
Jay Powell really wants Americans to know that the Federal Reserve is not taking into account the presidential election or politics this year when setting monetary policy.
For the second straight year, the annual Jackson Hole Economic Symposium hosted by the Kansas City Fed will be held virtually and away from the scenic backdrop of Grand Teton National Park.
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In 2022, Powell sent the markets plunging after vowing in a shorter-than-typical speech to do what it takes to get inflation back to the central bank’s 2% target, warning higher rates could ...