Join us live as Federal Reserve Chairman Jerome Powell prepares to deliver the keynote address at the Fed's annual meeting in Jackson Hole, Wyoming. The event is scheduled to begin at 10 a.m. ET today. If the video doesn't appear immediately, please refresh your browser.
In today's speech, Chairman Powell is expected to outline potential changes in monetary policy, including potential interest rate cuts. This adjustment comes in response to slowing inflation and growing concerns about the ongoing strength of the U.S. economy.
Historically, the Jackson Hole conference has been a crucial time for the Fed to announce significant policy changes. Current market expectations suggest that the Fed could begin a rate cut as early as September, with further reductions potentially extending into 2025.
Further insights
- The latest Federal Reserve minutes hint at a likely rate cut in September.
- A Fed survey highlighted concerns about low employment levels, labor market anxiety and dissatisfaction with wages.
- Philadelphia Fed President Harker has expressed support for a rate cut in September.
