The Fed Chair is Due to Talk at 10 AM
What to expect from the speech
Expect Powell to reiterate that the Fed's decisions are data-dependent.
The Fed chair is scheduled to speak at 8 am at the Federal Reserve Bank of Kansas City's annual conference in Jackson Hole. Powell is expected to reiterate that the Fed's decisions are data-dependent while confirming Fed officials' dovish stance.In recent months, the Fed has cut interest rates twice in an effort to boost the economy. However, the economy has continued to slow, and the Fed is widely expected to cut rates again at its next meeting in September.
In his speech, Powell is likely to emphasize that the Fed is closely monitoring the data and will continue to make decisions on a meeting-by-meeting basis.
Powell is scheduled to speak at 8 am.
The Fed chair is scheduled to speak at 8 am at the Federal Reserve Bank of Kansas City's annual conference in Jackson Hole. Powell is expected to reiterate that the Fed's decisions are data-dependent while confirming Fed officials' dovish stance.In recent months, the Fed has cut interest rates twice in an effort to boost the economy. However, the economy has continued to slow, and the Fed is widely expected to cut rates again at its next meeting in September.
In his speech, Powell is likely to emphasize that the Fed is closely monitoring the data and will continue to make decisions on a meeting-by-meeting basis.
