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.

US Federal Reserve ChairmanJerome Powell indicated that, with the baseline outlook and the shifting balance of risks, there may be an upcoming adjustment in the Fed's policy stance. The next US Fed FOMC meeting is on 16-17 September 2025.