Fed Chair to give high-stakes speech at Jackson Hole symposium amid pressure from Trump

On Friday. Similarly, August 22, all of the United States’ political and financial decision-makers will be focused on a small town in Wyoming. Furthermore, From Jackson Hole valley. nestled fed chair give high-stakes speech in the Grand Teton mountain range in the heart of the Rockies, Federal Reserve Chair Jerome Powell is opening the institution’s annual symposium for the last time in his term – a major event on the economic calendar. Powell’s speech is highly anticipated, with the Fed under intense pressure. While the official theme is “labor markets in transition,” the central issue is the institution’s most precious asset: its independence.

Never before has the Fed. a pillar of the global economy, come under such direct public attack from a US president. Since taking office in January. Donald Trump has criticized Powell for not lowering key interest rates, the Fed’s main tools of monetary policy.

The central bank, which operates independently, has a dual mandate: to pursue full employment while ensuring price stability. Generally, lowering rates increases the flow of money, stimulates the economy and boosts the job fed chair give high-stakes speech market. However, it can also drive prices up. Confronted with this inflationary risk – heightened by Trump’s trade war – Powell has opted for caution.

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