While Powell’s highly anticipated speech in Jackson Hole started off acknowledging the resilience of the U.S. economy, despite the adminstration’s fluctuating trade policies, the Fed chair noted that “the balance of risks appear to be shifting.”

In 2025, the People’s Bank of China finds itself in a position no central bank relishes: making things up as it goes along.

U.S. stocks opened higher Friday, showing signs of stabilization after retreating this week ahead of Fed Chair Jerome Powell's Jackson Hole speech. The Dow Jones Industrial Average rose 284 points, or 0.