** Important: Jackson Hole **

President of the Federal Reserve Jerome Powell will deliver his concluding speech at the Jackson Hole economic symposium today, August 22, 2025.

* Jackson Hole (MDT): 12:00

* US Time (EDT): 10:00 a.m.

* CEST: 4:00 p.m. = 16:00

Powell:

"I think that having an independent central bank has been an institutional arrangement that has served the public well," Powell said last month. "And as long as it serves the public well, it should continue and be respected."

Powell also stressed enhancing the Fed’s formal policy communications, particularly regarding the role of forecasts and uncertainty. Investors will watch for whether the Fed rolls out changes to its quarterly Summary of Economic Projections, which contains the famous "dot plot," a compilation of each member of the FOMC’s expectations for interest rates that year.

**

How will he resolve the dilemma between rising prices—inflation—and a potential increase in unemployment?

Each requires a different solution, so what will he prioritize?

We'll see more data before September 16th...

So far, employment figures would suggest a rate cut.

The full effects of tariffs will be felt later in the year, so for now they are mild, which means they'll wait and hold rates.

The markets would prefer a rate cut, but not one under pressure from the president, who only sees good numbers for himself and doesn't want to know about the rest...