Live updates: Powell is ready to make the key speech while the Trump administration increases the pressure for a Fed overhaul

Each year, the president of the federal reserve gives a highly anticipated speech during an annual economic symposium organized for the world’s central bankers by the Federal Reserve Bank of Kansas City in Jackson Hole, Wyoming. It is used to give investors an opinion on monetary policy may look like in the coming months.

Powell’s remarks could bring clarity on Friday that many investors were looking for – or this could inject more uncertainty about the next Fed move before its September meeting next month.

Anyway, everything Powell does – or does not say it – could move the financial markets, which are moving towards new files on the expectations of lower rate.

But, in addition to the tensions around the movements of monetary policy, this year’s speech is delivered with an unprecedented quantity of control in the Fed as an institution.

For months, the Fed is under a large -scale assault by President Donald Trump, who not only launched a series of personal insults to the president of the Fed, Jerome Powell, and spoke of dismissing him, but who is now trying to overthrow the governor of the Fed, Lisa Cook, who was appointed by former president Joe Biden. The president’s frustration is due to the fact that the Fed does not reduce loan costs this year.

The speech will undoubtedly be the last stand of Powell, with his mandate as president ending in May 2026. The secretary of the Treasury Scott Bessent is already taking the search for the replacement of Powell and the president could announce his choice soon, several months before the end of Powell’s mandate. Two governors of the current Fed – the same people who have broken the ranks with Powell – are being studied for the president, stressing the rare division of the Central Bank.

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