Since 1981, the Jackson Hole symposium has highlighted discussions on global economic issues, with Fed Chair Jerome Powell's speeches increasingly shaping market expectations amid inflation challenges.
Interest in Powell's speech is intensified by his expected dovish tone signaling potential interest rate cuts in September, specifically designed to stabilize the labor market.
Economists predict Powell will announce interest rate cuts in September and December, and caution that the symposium this year is not expected to deliver major surprises.
Powell's address will undergo scrutiny regarding his dual mandate, balancing stable prices against maximum employment, amid fresh concerns following a lackluster July jobs report.
[
Collection
]
[
|
...
]