The following is a reformatted version of prepared remarks titled “Monetary Policy and the Fed’s Framework Review,” which Federal Reserve Chair Jerome Powell is delivering Friday in Jackson Hole, Wyom...

Federal Reserve Chair Jerome Powell's closely watched Jackson Hole speech on Friday boosted optimism in markets that the U.S. central bank is poised to ease rates, sending investors to pile into risk...

A surge in U.S. producer prices in July has caused investors to pare bets on Fed rate cuts, with futures markets now pricing a 66% chance of a 25 basis point cut at its next meeting in September, dow...