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Jerome PowellWall Street pointed modestly higher before the bell Friday as markets tried to snap a weeklong losing streak ahead of widely anticipated speech by Federal Reserve Chair Jerome Powell. Futures for the S&P 500 added less than 0.1%, while those for the Dow Jones Industrial Average rose 0.1%. Nasdaq composite futures inched up 0.1%. The S&P 500 has closed lower for five straight days heading into Friday, its longest such streak since January. Nvidia…See the Story
Fed Chair Jerome Powell to Give Jackson Hole Speech as Traders Await Cues on US Monetary Policy
Coverage: 10 sources
Jerome PowellThe impending departure of Jerome Powell as Federal Reserve Chair could grant President Trump substantial influence over global monetary policy, according to financial analyst Nigel Green of deVere Group. Powell’s term expires in May 2026, but market expectations are already shifting focus toward Trump’s potential appointee. Green suggests that Trump would likely select a Fed […] The post Fed Chair Transition Could Reshape Global Monetary Policy…See the Story
