Jackson Hole, Jerome Powell and rate cut
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Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
If inflation starts climbing again after a rate cut, “the Fed will have to reverse course — and in the worst case, start hiking again,” Slok said.
The economy and the markets are "under surveillance" as we cover the latest in finance, economics and investment.
Brent Donnelly of Spectra Markets ran a sizeable survey of expectations for Fed Chair Jerome Powell's speech, and of the 473 responses, 51% expect a neutral-to-boring outcome and 43% see a hawkish tint.
In a typical year, Jackson Hole sparks excitement mostly among market watchers. This time, the symposium feels more pivotal.