Jerome Powell's Jackson Hole Speech
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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.
Federal Reserve chairman Jerome Powell said, “the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance”.
In his final speech at the Federal Reserve’s summer retreat, Chairman Jerome Powell said the changing economic landscape likely will bring lower interest rates.
Stocks rose sharply Friday morning, after remarks by Federal Reserve Chair Jerome Powell prepared for delivery in Jackson Hole, Wyoming, signaled a rate cut may be warranted. Stocks had opened higher ahead of the speech,