What we learned from Fed Chair Powell in Jackson Hole

Monetary Policy Outlook - The Federal Reserve is considering a potential interest rate cut at its next meeting in September [1] - Weakness in the labor market is a key factor influencing the Fed's decision-making process [1] - Inflation impacts from tariffs are visible but potentially short-lived [1] - Conflicting economic signals and a potential slowdown in the labor market may warrant interest rate adjustments [2] - Fed officials are divided on the timing and magnitude of interest rate cuts [2] Political Influence on the Federal Reserve - President Trump suggested he would fire Fed Governor Lisa Cook if she didn't resign [2] - The administration accused Lisa Cook of mortgage fraud, which is under investigation by the DOJ [3] - If Cook leaves, Trump could appoint a replacement, potentially shifting the balance of Republican appointees to four out of seven members [3]