KEY POINTS

Fed Chairman Jerome Powell focused on policy and didn't mention President Trump in a Friday speech.

Powell noted rising weakness in the U.S. job sector and signaled a possible September rate cut.

The Dow Jones Industrial Average and U.S. stock indexes were up after Powell's comments.

Embattled Federal Reserve Chairman Jerome Powell ignored the ongoing maelstrom of personal and institutional criticism leveled by President Donald Trump and his staffers in a Friday speech in Jackson Hole, Wyoming.

True to his well-established demeanor of calm and measured commentary on the work of the U.S. central bank, Powell focused on the body’s dual mandate of maximum employment and price stability while signaling, albeit softly, that an interest rate cut is on the table next month.

Powel

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