Fed, Jackson Hole and Powell
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Wall Street will be listening closely to Federal Reserve Chair Jerome Powell's speech Friday at the Jackson Hole economic policy summit, where he could signal whether the central bank is ready to cut borrowing costs at its next meeting in September.
All eyes are on Jerome Powell this week as he prepares to make a major speech in this week where investors are hoping to gain insight into rate cuts.
Trump on Tuesday ramped up his pressure on Jerome Powell to cut interest rates, threatening to allow a lawsuit over the central bank’s $3.1 billion renovation project to move forward.
President Donald Trump is considering suing Federal Reserve Chair Jerome Powell, White House press secretary Karoline Leavitt said Tuesday.
President Trump visited the Federal Reserve's headquarters in Washington, keeping up the intense pressure he's been putting on Fed chair Jerome Powell.
U.S. President Donald Trump offered a veiled threat on Tuesday of a "major" lawsuit aimed at Federal Reserve Chair Jerome Powell in Trump's ongoing dispute over renovations of the central bank.
U.S. stocks remain near unchanged, digesting last week's gains. Investors look to key earnings and an annual Fed conference for direction this week.
With market participants looking ahead to Friday's Jackson Hole speech from Federal Reserve Chair Jerome Powell, there are expectations on Wall Street that he may not be as inclined to cut interest rates in September as previously thought.