The Head of the Federal Reserve System Powell will deliver a speech on the economic forecast amid key events
AI Summary
According to BlockBeats, the head of the Federal Reserve, Jerome Powell, is set to deliver a speech on the economic forecast and an assessment of the Fed's policy framework at the annual central bank meeting in Kansas City at Jackson Hole, Wyoming. The speech is scheduled for 10:00 AM Eastern Time (22:00 UTC+8).
This speech comes at a critical moment, as recent data suggests that tariff measures have partially impacted inflation, while the labor market shows signs of slowing. This complex situation has raised market expectations that the Federal Reserve may announce a 25 basis point rate cut at its meeting next month.
Meanwhile, U.S. President Donald Trump continues to pressure Powell to lower interest rates and is reportedly considering potential candidates to replace him. Powell's term as head of the Federal Reserve is set to expire in May of next year.