Federal Reserve Chair Jerome Powell is set to deliver a key speech tomorrow, Saturday, August 23, 2025, at the Jackson Hole Economic Symposium in Wyoming. This event, held in the scenic Teton Range, brings together top economic leaders to discuss big issues, and Powell’s words are expected to draw close attention from people around the world.
Powell, who has led the Federal Reserve since 2017, will share his thoughts on the U.S. economy’s future as his time as chair nears its end in May 2026. The speech comes at a critical time, with President Donald Trump pushing for lower borrowing costs and some workers facing challenges finding jobs, while prices for goods and services are still climbing.
Many are hoping Powell will hint at whether the central bank might reduce interest rates at its next meeting in September, a move that could affect loans, savings, and spending for millions.
The Jackson Hole event, hosted by the Federal Reserve Bank of Kansas City, has long been a place where Powell has shared important updates. Last year, he suggested the bank might lower rates, which it did a month later.
This year, with mixed signals—slower job growth and rising costs due to new trade rules—people are eager to hear his plan. Some expect a small reduction in rates, while others think he might wait for more clear signs about the economy.
Powell has faced pressure from Trump, who has criticized him and even suggested he step down, but Powell has stressed the importance of keeping the bank’s decisions free from political influence. His speech tomorrow at 10 AM Eastern Time (7:30 PM IST) will be streamed online, giving everyone a chance to listen. Whether he signals a change or stays cautious, his words could shape economic expectations in the coming months.