ABC News|1 minute read

Powell's Major Speech: Interest Rates, Trump, and the Future of the Economy

TL;DR

Federal Reserve Chair Jerome Powell is gearing up for a crucial speech at the Jackson Hole Economic Symposium, coinciding with Trump's calls for interest rate cuts. With Wall Street on edge, the speech is expected to address current economic policies and future strategies.

  • Context: Powell's speech is highly anticipated amid economic uncertainties.
  • Trump's Influence: The former president is pushing for lower interest rates, stirring the pot.
  • Market Reactions: Wall Street is bracing for potential shifts in economic policy.
  • Future Predictions: Insights from Powell could shape the Fed's direction in the coming months.

Here's the full scoop.

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