Federal Reserve Chairman Jerome Powell will deliver a crucial speech at Jackson Hole, Wyoming, facing pressure from the White House to lower interest rates. His speech, three weeks before the next rate-setting meeting, will address the economic outlook and the Fed's balance between fighting inflation and unemployment. While investors anticipate a rate cut, economists offer mixed opinions, citing persistent inflation and a weakening labor market. Powell will also discuss the Fed's long-term interest-rate policy following a five-year review, addressing the need for stable prices. The Fed's independence is under scrutiny due to President Trump's criticism and demands for lower rates.

Prepared by Christopher Adams and reviewed by editorial team.