Fed Chair Jerome Powell speaks at the 2024 Jackson Hole Economic Policy Symposium — 8/23/2024

Federal Reserve Chair Jerome Powell speaks at the central bank’s annual Jackson Hole conference on the economic outlook on Friday.

That will follow minutes from the Fed’s July gathering released Wednesday. They indicated that most participants at the central bank’s meeting said it would “likely” be appropriate to lower the fed funds rate from the current range of 5.25% to 5.5% at the September meeting — if data continues to come in as expected.

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Fed Chair Jerome Powell speaks at the 2024 Jackson Hole Economic Policy Symposium — 8/23/2024

[MrsStephanie]

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.,

[nicolasbenson]

The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.

[LaratLezhe]

he has just started the easing cycle, all time highs are guaranteed

[jamesrobinson]

Chairman Powell has been critiqued by so many yet I think he and the other governors have done as well as you possibly could given our recent history. It's easy to complain; but, it's even harder to come up with solutions.

[amardeepa]

As a student of economics, i say well summarized Sir Powell...one can only imagine how hard it must be to steer a $25T economy thru all the vagaries. But all said and done, your magic is not complete until i.e. i'll not stand and clap till inflation hits the 2% mark.

[Krenela]

Thanks for the continuous update! I am super excited about how my stock investment is going so far, making over $32k weekly is an amazing gain.

[victordasilva]

after the election...the rug pull is going to happen.

[jimcollectcards]

Literally all I heard was and whatever noise doves make

[stevechance]

Let me look at my Schwab account...
Up four percent this morning,
he obviously said something that the markets liked. Cool.

[lisam.]

Job gains remains solid? in what industry, Mr. Powell? Thousands of people are being laid off.

[marcusd]

The transfer of wealth that occurred due to covid deaths caused a huge increase in demand in tech and luxury goods that would never have been touched by policy, (re: inflation.) That's my two cents. Great talk.

[AgeofCraccadilliaassent]

Unconstitutional financial terr orists

[vitthalwalunj]

So In short rate cuts are comming soon ❤

[Crypto]

He never said " cuts are coming on September 18, 2024"

[barrycalvert]

I would say Jay Powells position talked to 80% of the country 50 years ago.
Today he is talking to 15-20%.
The rest fall outside the guidelines of normal American life.
They are crushed by the lies of jobs, low inflation, and the debt.
It is so so sad to watch the crumble while this guy says "STRONG LABOR MARKET"

[a-cpo]

Can any one tell me how Can I get the draft speech, I want to read it.

[GB-wszx]

Take note: (1) Powell did not cite his use of 'transitory' as a mistake or apologize. (2) Powell focused almost exclusively on the past - without offering any kind of vision for the future (beyond anchoring at 2%) (3) Powell cites economic models that I've seen no evidence suggesting they've been updated from past models revealed as too limited (4) Mohamed El-Erian, Gordon Brown and Mike Spence cite in their book Permacrisis why they believe these choices from Powell are mistaken. Time will reveal, but, tellingly, even the BoE had the understanding of duty and leadership to publicly admit and explain their mistakes.

[fredk]

I get it. Not 2% inflation target; rather, a “trajectory” in that general direction

[Mano_]

Bro why are you giving us a history lesson? Get to the point

[WJung-cclc]

FED dollar is trash. They devalue your hardwork.