Powell's Jackson Hole Speech: Inflation, Jobs, and the Fed's Future

Jerome Powell's Jackson Hole speech revealed a Federal Reserve balancing act: fighting inflation while navigating a softening job market. Tariffs are driving up prices, and despite a seemingly stable job market, hiring is slowing. Powell signals a return to pre-2020 policies with a flexible 2% inflation target, but rate cuts are unlikely soon. Political uncertainty looms as Trump's potential replacement of Powell in 2026 could drastically alter economic strategy, impacting Treasury yields, stocks, and even crypto markets. Investors are now laser-focused on upcoming jobs and inflation data, bracing for potential policy shifts. Hosted on Acast. See acast.com/privacy for more information.