Powell will welcome the window to set the tone for a rate cut in September next Friday
Federal Reserve Chairman Powell will speak on the economic outlook next Friday at 10:00 pm, coinciding with the annual economic symposium of the Kansas City Fed. He will assess the path of the U.S. economy and monetary policy, possibly hinting at the possibility of a rate cut in September, especially given the cooling inflation and labor market
On August 16th, Jinshi Data reported that Federal Reserve Chairman Powell is scheduled to deliver a speech on the economic outlook next Friday night at 10:00 Beijing time. This is the first full-day meeting of the annual economic symposium held by the Kansas City Fed in Jackson Hole, Wyoming. This global central bank annual meeting provides Powell with an opportunity to make the latest assessment of the U.S. economic trajectory and monetary policy outlook between the Fed's July and September policy meetings. Last month, he indicated that if inflation and the labor market continue to cool, the Fed may consider cutting interest rates at the next meeting