Powell’s Final Jackson Hole Speech as Fed Chair to Signal Monetary Policy Direction
Federal Reserve Chair Jerome Powell heads to Jackson Hole for his final speech in the role, with markets parsing every word for clues on the central bank's next move. Since 2018, Powell's annual addresses have served as reliable policy telegraphs—from rate hike cycles to emergency pivots.
The 2018 speech introduced his "navigating by the stars" framework, justifying four rate hikes that year. By 2019, Powell shifted tone as Trump's trade wars rattled global markets, foreshadowing the Fed's dovish turn. This year's remarks land amid persistent inflation and softening labor data, creating tension between hawkish rhetoric and market expectations for cuts.