Powell's Last Jackson Hole Speech Could Be a Big 1
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Powell delivered the guidance in a highly anticipated speech on Friday at the central bank's annual symposium in Jackson Hole, WY.
Powell’s speech comes amid unprecedented pressure from the White House aimed at getting the central bank to lower borrowing costs.
Federal Reserve Chair Jerome Powell warned that President Donald Trump 's tariffs are pushing consumer prices higher and would continue to do so over the coming months.
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.