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The big takeaways from Jackson Hole
Posted
August 22, 2025
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2,865
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August 22, 2025
2,865
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1.92%
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1:31Now PlayingFed Chair Jerome Powell’s speech at Jackson Hole turned out to be a surprise for markets, sending them into full cutting frenzy mode.
Bloomberg Surveillance's Tom Keene and Odd Lots hosts Tracy Alloway and Joe Weisenthal discuss the chairman's speech and the possible candidates for the next Fed chair position.
We're still at the Kansas City Federal Reserve Bank's annual economic symposium in Jackson Hole, where we just heard Fed Chair Jerome Powell's big speech. The speech -- which opened the door to a September rate cut -- proved to be a dovish surprise to the market and stocks are now soaring because of it. But why did Powell decide to focus on what he sees as "downside" risks to the labor market as opposed to "upside" risks to inflation? On this episode, we speak to Bloomberg TV's Michael McKee, who's been to dozens of Jackson Hole meetings since the late 1990s. We talk with him about the speech, how Jackson Hole has changed over time, and who's in the running to replace Powell next year.
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Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.
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