[The stream is slated to start at 10:05 ET. Please refresh the page if you do not see a player above at that time.]
Federal Reserve Chair Jerome Powell is delivering his annual address at the central bank’s Jackson Hole, Wyo., symposium Friday morning.
A year ago, Powell emphasized that the Fed was committed to bringing down inflation and cautioned that “some pain” was likely for the economy. In previous speeches, he has varied on his policy indications, and this year market expectations are for him to find a center lane that stresses data dependence rather than a preset notion.
Markets have been volatile leading up to the speech, and traders are pricing in a slightly better than even probability that the Fed has one more rate hike in store this year.
Read more
Powell’s pivotal speech Friday could see a marked shift from what he’s done in the past
American workers are demanding almost $80,000 a year to take a new job
Fed officials see ‘upside risks’ to inflation possibly leading to more rate hikes, minutes show
Subscribe to CNBC on YouTube.
Read the full article here
