-
Fed Chair Powell in Tough Spot Ahead of Jackson Hole, Sockin Says
Federal Reserve Chair Jerome Powell is in a tough spot heading into his Jackson Hole speech this Friday, says Robert Sockin, Citi director and global economist. Sockin says the impact of higher tariffs on inflation has Powell worried and recent labor market data means the Fed could cut rates as soon as September. Sockin is on "Bloomberg Surveillance."
- Comments / Top
- Subscribe
-
Related Stories
Markets in the United States and around the world are anxiously awaiting the resumption of the Federal Reserve’s rate-cutting cycle, which began with a 50-basis-point cut in September 2024, but ended in December after two more 25-bps cuts. Gold traders are particularly eager to see lower rates, as the easing of the trade tariff premium has left precious ...
When Federal Reserve Chair Jerome Powell gives his last speech in Jackson Hole, Wyo., this Friday, investors will be listening for whether he signals an interest rate cut next month. But Powell could lay out more overarching changes to the central bank’s dual mandate that will last long after his tenure is up next May — and mark part of his legacy. Powell ...
Cook must resign, now!!! https://www.bloomberg.com/news/articles/2025-08-20/trump-ally-calls-on-bondi-to-probe-fed-s-cook-over-mortgages
