New value for Jackson Hall against Trump’s pressure background

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.

The US and the EU announce the tariff details. Automobile exports to the US will face a 15% tariff – after the EU introduces the legislation to reduce its industrial duties. Pharmaceuticals will see the levies Limited a maximum of 15%.

Fed Chairman Jerome Powell intends to make a big speech on Friday. In Jackson Hol, collecting central bankers to talk about economic policy, Powell is expected to discuss The goals of the long -term Fed policy – It will almost certainly be the last main part.

Google has scored $ 10 billion using Meta. According to the agreement, Google will provide Meta Cloud services are mostly related to II In six years, according to two people, acquaintances with this question.

The US main indexes were red Thursday. A S&P 500 fell on 0.4% for its Fifth Played session in a row. Regional Europe Stoxx 600 was equal, Rewinding a three -day victorious seriesBecause investors have abandoned the details of the EU-SSH trading agreement.

(Pro) lack of relief for European pharmaceuticals. Although US and EU officials have announced that pharmaceuticals are not subject to raising tariffs, It seems that investors don’t trust the transaction.

India’s tax reform plans predict the consumption boom

At the time when US trade tariffs for India make headlines, Prime Minister Narendra Modi’s tax plans stole some of the media attention centers.

Last week, Modi announced large taxes and services until October. The simplified code will mean a reduction in taxes for the Indians, probably raising domestic consumption – and, to a certain extent, absorbing the blow from tariffs on Trump, the expert says.

– Ayushi jindal