Express
Powell Turns Dovish at Jackson Hole Conference, Possibly in Response to Political Pressure from Trump
Summary: According to sources, Powell turned dovish at the Jackson Hole conference, with his remarks contradicting his stance at the July FOMC press conference. His views on the labor market have made a 180-degree turn, now expressing concerns about downside risks to employment. This shift may indicate that Trump's political pressure on the Fed is paying ...
According to sources, Powell turned dovish at the Jackson Hole conference, with his remarks contradicting his stance at the July FOMC press conference. His views on the labor market have made a 180-degree turn, now expressing concerns about downside risks to employment. This shift may indicate that Trump's political pressure on the Fed is paying off, strengthening the possibility of a 25 basis point rate cut in September and further cuts later this year.
Tags:
Link: Powell Turns Dovish at Jackson Hole Conference, Possibly in Response to Political Pressure from Trump [Copy]
