Later this morning, Jerome Powell , chairman of the Board of Governors of the Federal Reserve , will speak in Jackson Hole, Wyoming, at a symposium hosted by the Federal Reserve Bank of Kansas City. He will deliver a speech titled “Economic Outlook and Framework Review.”

The speech is highly anticipated not only because it may provide insights into the Fed’s thinking about the future course of interest rate cuts, but also because Powell will probably demonstrate resolve about the independence of the Fed in the face of increasingly aggressive attacks by President Donald Trump.

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