Fed Chair Jerome Powell to Speak at Jackson Hole—What to Expect

Federal Reserve Chair Jerome Powell will deliver a highly anticipated speech on Friday at the central bank’s annual Jackson Hole Economic Symposium that could signal a coming interest rate cut. The Fed chief’s prepared remarks will be the main event of the three-day gathering that will capture the attention of the financial markets. Powell will take the stage at the gathering—this year themed “Reassessing the Effectiveness and Transmission of Monetary Policy”—at 10 a.m. EST in Jackson Hole, Wyoming. Market watchers are not expecting any surprises in his address to a crowd of bankers, economists, monetary policymakers, and members of the press. They are, however, anticipating a hint that the institution will start cutting interest rates as soon as the September policy meeting....