Fed Chair Jerome Powell may seriously disappoint Wall Street at Jackson Hole
August 17, 2025
Powell says ‘shifting balance of risks’ may warrant a sooner rate cut
BY CHRISTOPHER RUGABER AND ASSOCIATED PRESS
August 22, 2025
Another contested meeting would mark further deviation from the Fed's traditional consensus-driven, decision-making process.
Fed Chair Jerome Powell may seriously disappoint Wall Street at Jackson Hole
August 17, 2025
Powell says ‘shifting balance of risks’ may warrant a sooner rate cut
BY CHRISTOPHER RUGABER AND ASSOCIATED PRESS
August 22, 2025

The Federal Reserve chair gave prepared remarks at the Fed’s annual economic symposium in Jackson Hole, Wyoming.

"It will be difficult for policymakers to tease out one-off tariff effects from longer-lasting inflationary pressures."

"It will be difficult for policymakers to tease out one-off tariff effects from longer-lasting inflationary pressures."

Adam Posen, president of the Peterson Institute, said Powell's remarks translated to: "even if it pleases the president, we’re…

With markets convinced of a Fed rate cut, Powell must navigate divisions inside the FOMC over inflation, tariffs, and jobs data.

A widening battle for control of the U.S. central bank, considered an anchor institution of the global financial system, seems to…