Jackson Hole, Jerome Powell
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The economic dilemma comes on top of an extraordinary, high-pressure political situation the Fed chair faces, as Trump relentlessly demands lower rates.
Follow live coverage and analysis of the Fed chairman's remarks at the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, on Friday.
Most economists think the Federal Reserve will cut rates in September. "We do think it is highly likely that the Fed will cut rates by 25 basis points in September; we don't expect any strong signals from the chair on Friday,
Federal Reserve Chair Jerome Powell is set to give what could be his most consequential speech yet — just a few days after one of his colleagues was threatened with prosecution for alleged mortgage fraud.
The Indian rupee is expected to open largely flat to slightly weaker on Friday, with near-term sentiment titled bearish ahead of Federal Reserve Chair Jerome Powell's speech post market that may offer cues on the interest rate outlook.
Walmart earnings are in early focus before the highly anticipated start of the Federal Reserve's gathering at Jackson Hole.
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Wall Street's main indexes fell on Thursday as investors feared potentially hawkish remarks by the Federal Reserve chair on Friday that could spark volatility, while big-box retailer Walmart's quarterly results dampened sentiment.
The Fed unveiled a strategy five years ago for worries that the economy outgrew. Now, it will formally reset.