Haciyev Reşit 
FED Chair Jerome Powell is set to speak today at the Jackson Hole Economic Symposium, marking his final address at the event since taking office in 2017.
The speech will take place at 17:00 (UTC+3) at Jackson Lake Lodge, Wyoming, and is expected to be closely watched by global markets.
Previous Speeches and Impacts
Powell’s Jackson Hole remarks have historically provided key insights on monetary policy, inflation, and employment:
- 2018: Emphasized gradual rate hikes → four rate increases that year.
- 2019: Highlighted trade and growth uncertainties → three rate cuts followed.
- 2020: Pandemic-era strategy shift → maintained 2% average inflation target.
- 2021: Claimed inflation would be “transitory” → later criticized.
- 2022: Called for “painful” high rates → aggressive hikes continued.
- 2023: Noted progress on inflation → rates held at 5.25%-5.50%.
- 2024: Inflation risks declined → signaled a rate cut in September by 50 bp.
Expectations for Today
Markets will closely watch Powell’s speech for indications on whether the rate-cut cycle will continue. Central bankers and investors alike will seek clues about the Fed’s next steps from his remarks.
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