Powell's Jackson Hole Speech Sparks Market and Crypto Fluctuations
TL;DR Summary
Federal Reserve Chair Jerome Powell is set to deliver a key speech at Jackson Hole amid ongoing tensions with President Trump, who has criticized the Fed's independence and called for rate cuts. Despite Trump's pressure, the Fed has maintained interest rates, but market expectations suggest a possible cut in September. Powell's speech will be his last as chair, amid political and economic uncertainties, with potential changes in monetary policy on the horizon.
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