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Jerome Powell, Chairman of the US Federal Reserve, arrives for dinner during the Symposium of Economic Policy in the Kansas -Sity Federal Reserve Jackson Hall in Moran, Wyoming, USA, August 21, 2025.
David Paul Morris | Bloomberg | Gets the image
Jerome Powell, chairman of the US Federal Reserve, will Giving your main address On the annual Jackson Hol, Wyoming, a collection of central bankers and economists on Friday.
This will be one of the most important Inflation goals And how it evaluates the work.
For Powell it is twice as important as the main address is likely to be his last before it The term when the Fed’s chair expires in May 2026..
Although US President Donald Trump threatened evict him out of his seat Until this date the Supreme Court earlier this year recognize that Fed officials have special protection against presidential firing. (It seems like being a Central banker in the US can be the only way to protect yourself from dismissal and moving artificial intelligence today.)
Given this, the Trump administration does not seem to put pressure on the Fed officials. The Justice Ministry will be Explore Fed Lisa Cook Governor According to a letter to CNBC, on the basis of a criminal referral to the White House officials Sarah iron Thursday.
In the usual year, Jackson Hall splashed the excitement mainly among market observers and finances (that is, you really really). This time the symposium feels more important, almost like gathering people who are quietly fighting for the independence of the Central Bank.
What do you need to know today
And finally …
Russian Foreign Minister Sergei Lavrov (Right) and Indian Foreign Minister Subrahmanyam Jaishankar enter the hall for their negotiations in Zinaida Morozov’s mansion in Moscow on August 21, 2025.
Alexander Zlyanichenko | AFP | Gets the image
India and Russia have agreed to expand bilateral trade ties on Thursday, signaling that the USDe -Delhi pressure on the purchase of Russian oil could hardly disrupt their partnerships.
Among the promised measures are the increase in the exports of India pharmaceuticals, agriculture and textiles to Russia to help reduce the current imbalance, said the Foreign Minister of India Subrahman Yashankar at a joint press conference in Moscow.
– Eniek Bao
