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Powell to Speak at Jackson Hole Conference, Market Expects Fed to Cut Rates by 25 Basis Points
According to data from Jinshi, Federal Reserve Chairman Powell will deliver a speech at the Kansas City Fed's annual central bank meeting in Jackson Hole at 10 PM on August 22, Eastern Time. This speech comes at a critical moment, as tariff measures are impacting inflation and the employment market is slowing down. The market expects the Federal Reserve may announce a 25 basis point rate cut at next month's meeting. President Trump continues to pressure for a rate cut and is looking for a successor. Powell's term as Federal Reserve Chairman will end in May next year.
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