The bond market flinched yesterday, and stocks sold off.
A widening battle for control of the U.S. central bank, considered an anchor institution of the global financial system, seems to already be underway.
Jerome Powell – who Trump has urged to resign – will address the economic outlook at a symposium in Wyoming
The Federal Reserve chair gave prepared remarks at the Fed’s annual economic symposium in Jackson Hole, Wyoming.
Another contested meeting would mark further deviation from the Fed's traditional consensus-driven, decision-making process.