Fed Chair Jerome Powell signals job market
Digest more
Fed Highlights Inflation
Digest more
Federal Reserve Bank of Chicago President Austan Goolsbee said while some recent inflation readings have come in better than expected, he hopes one “dangerous” data point is just a blip.
The central bank retired a previous strategy and on Friday unveiled a new approach that updates how inflation and employment are balanced.
Christopher Waller, first nominated to his post by President Donald Trump in 2019, has become one of the most closely watched Fed officials.
Most Federal Reserve officials highlighted inflation risks as outweighing concerns over the labor market at their meeting last month, as tariffs fueled a growing divide within the central bank’s rate-setting committee.
Minutes of the Federal Reserve’s July meeting show widespread concern over the slowing economy and the impacts of import tariffs.
The meeting underscores policymakers’ reluctance to reduce a key rate until they get a clearer sense of tariff impacts.
South Africa's rand was weaker in early trade on Tuesday, as investors looked to the Fed's Jackson Hole symposium for hints on the U.S. interest rate trajectory, while also eyeing inflation figures from Africa's most industrialised economy.
Federal Reserve Chair Jerome Powell delivers a high-profile address at the annual Jackson Hole Economic Policy Symposium.