Fed Credibility at Stake?

Former Kansas City Fed President Esther George raises concerns about the Federal Reserve’s credibility if it decides to cut interest rates. She emphasizes the importance of timing and clarity in communication regarding monetary policy shifts.

Powell’s Jackson Hole Speech

George highlights Fed Chairman Jerome Powell’s upcoming speech at Jackson Hole as a critical moment for the central bank. The address is expected to outline the Fed’s economic outlook and strategies, influencing market expectations.

Impact of Trump’s Tariffs on Inflation

George also discusses the potential effects of President Trump’s tariffs on inflation, suggesting that ongoing trade tensions could complicate the Fed’s policy decisions and economic forecasts.