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Fed Chair to Unveil Policy Overhaul Amid Trump Pressure at Final Jackson Hole

Fed Takes Conservative Stance on 2025 Rate Cuts
Fed Takes Conservative Stance on 2025 Rate Cuts

Fed Chair Jerome Powell delivers his final Jackson Hole speech Friday amid intense debate over potential rate cuts and political pressure from the Trump administration.

While markets assign 75% odds to a September rate cut, Fed officials remain divided. Powell is expected to announce major changes to the Fed’s policy framework, including dropping the “average inflation targeting” strategy adopted in 2020.

The speech comes as President Trump calls for Fed Governor Lisa Cook’s resignation and continues pressuring for lower interest rates.

Eight more from the desk

Other dispatches from the bullion wire.