Powell spoke at the influential Jackson Hole Economic Symposium for likely the last time as Fed chairman. His term expires May 2026. The invitation-only gathering brings together global financial leaders to discuss, debate and plan for the world’s economic future.

Powell suggested the central bank may loosen its monetary policy, sparking a broader market surge and benefiting the world’s richest.

The economy and the markets are "under surveillance" as we cover the latest in finance, economics and investment.

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.

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.