New Overnight Developments Abroad - Daily Update
Powell’s Highly Awaited Speech Today Lifts Likelihood of Resumed Cycle of U.S. Interest Rate Reduction
August 22, 2025
Speaking at the Jackson Hole Monetary Symposium this morning Federal Reserve Chairman Powell acknowledged that the U.S. baseline outlook and balance of risks between higher inflation and lessening employment growth are shifting. Major points that were expressed include Broad agreement among policymakers exists that recent and ongoing tariff hikes will lift inflation in the short […] More
