Federal Reserve Chair Jerome Powell will give his likely final keynote address at Jackson Hole, Wyoming, amidst significant political pressure and economic uncertainty. His speech will address near-term market sentiment, the Fed's policy trajectory, and its independence. While expected to hint at a September rate cut, Powell may also push back against political interference and potentially revise the Fed's long-term inflation goals. The speech is crucial as it could influence market expectations and the Fed's future actions regarding inflation and unemployment.

Prepared by Christopher Adams and reviewed by editorial team.