Patrick Munnelly, market strategist at Tickmill Group, said the upcoming Jackson Hole symposium, which opens on Friday, will be a pivotal moment for markets, when Federal Reserve Chairperson Jerome Powell will set out the Fed's short-term policy direction.
However, the disagreement between Trump and Bessant is likely to add to the noise, which could come from ongoing discussions around Fed appointments, potential legal challenges, and changes to labor market reports. Munnelly added that the July FOMC meeting notes released Wednesday could provide valuable clues to bridging the divergence in interest rate outlook. (Golden Ten)
Powell Jackson Hole Annual Meeting or Face Trump and Vicente
2025-08-18 09:24:21
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