It’s the event Wall Street has been waiting for all week. Federal Reserve Chairman Jerome Powell will speak at the Kansas City Federal Reserve Bank’s Jackson Hole Economic Policy Symposium. Investors will be looking for clues about how much interest rate cuts will come at the September Fed meeting and how much the central bank will focus on supporting the labor market rather than fighting inflation. Yahoo Finance will have live coverage all day from Jackson Hole, Wyoming. Elsewhere on Wall Street, shares of Cava (CAVA) are soaring after the company beat expectations in its latest quarterly earnings and raised its full-year outlook. Trending stocks on Yahoo Finance include Workday (WDAY), Peloton (PTON) and Alibaba (BABA).
The featured guests are:
9:45am ET – Brett Schulman, CEO of Cava
10:30 a.m. ET – Andrew Levin, professor of economics at Dartmouth College and former special adviser to the Federal Reserve
11:00 AM ET – Loretta Mester, former president of the Cleveland Fed
11:30 a.m. ET – Alan Blinder, Professor of Economics and Public Policy at Princeton University and former Vice Chairman of the Federal Reserve
11:45 AM ET – Patrick Harker, President of the Philadelphia Fed