Linked media – Associated media
Join us live as Federal Reserve Chairman Jerome Powell is set to give the keynote speech at the Fed’s yearly gathering in Jackson Hole, Wyoming. The event is scheduled to start at 10 a.m. ET today. If the video does not appear immediately, please refresh your browser.
During today’s address, Chairman Powell is anticipated to outline potential shifts in monetary policy, including prospective reductions in interest rates. This adjustment comes in response to a slowdown in inflation and increasing concerns about the ongoing strength of the U.S. economy.
Historically, the Jackson Hole conference has been a pivotal moment for the Fed to announce significant policy shifts. Current market forecasts suggest that the Fed might initiate a rate cut as early as September, with additional reductions possibly extending into 2025.
Further insights
- Recent minutes from the Federal Reserve hint at a probable rate cut in September.
- A Fed survey has indicated concerns over low employment levels, job market anxieties, and dissatisfaction with wages.
- Philadelphia Fed President Harker has expressed support for a rate reduction in September.
Linked media – Associated media
