Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.

Federal Reserve Chair Jerome Powell will deliver a highly anticipated speech this morning at the annual symposium in Jackson Hole, WY.

JACKSON HOLE, Wy. -- Federal Reserve Chair Jerome Powell on Friday said the central bank faces a "challenging situation" as a hiring slowdown coincides with tariff-driven price increases, putting pressure on both sides of the Fed's dual mission to maximize employment and control inflation.

He highlighted that while the labor market remains strong and the economy continues to demonstrate 'resilience,' downside risks are building.

The Fed’s annual forum at Jackson Hole has long been a must-watch event for Wall Street, but this year’s meeting brings extra scrutiny.

Traders are hoping that Fed chair Jerome Powell will indicate an imminent cut to interest rates during his remarks - but this is far from guaranteed.

Fed Chair Jerome Powell gives his final speech in Jackson Hole as a debate over inflation and interest rate cuts rages on.

Gold (XAU/USD) is trading near $3,330, testing a pivotal horizontal support area that aligns with the upper boundary of a falling wedge pattern on the 4-hour chart. This zone has become the immediate line of defense for buyers.