Fed's Jackson Hole conference
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Federal Reserve Chair Jerome Powell will deliver the keynote address Friday at the Jackson Hole Economic Policy Symposium, where he is expected to address potential interest rate cuts. At its most recent meeting, the Federal Reserve left the federal funds ...
The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.
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Powell has used Jackson Hole to battle inflation and buoy jobs; he's now caught between both
By Howard Schneider WASHINGTON (Reuters) -Fed Chair Jerome Powell used the central bank's annual Wyoming research conference to promise inflation-fighting rigor when it was needed in 2022, then last year he came to the defense of the job market with promises of lower interest rates when the unemployment rate seemed on a steady rise.
Wall Street's main indexes were subdued at the open on Wednesday as investors assessed uneven earnings from retailers such as Target and Lowe's for clues on