Stocks surged on the remarks as investors anticipated the Fed was now more likely to lower its key borrowing rate at its next meeting in September.

Powell delivered the guidance in a highly anticipated speech on Friday at the central bank's annual symposium in Jackson Hole, WY.

The Federal Reserve Chair Jerome Powell will give his keynote address at the central bank's annual conference on Aug. 22. Here's how to watch it live.

Fed Chair Jerome Powell gives his final speech in Jackson Hole as a debate over inflation and interest rate cuts rages on.

Wall Street rallied sharply on Aug. 22, 2025, as Federal Reserve Chair Jerome Powell suggested that interest rates could be lowered as soon as September in his Jackson Hole address. In his remarks, Powell agreed that the economic outlook has shifted in ways that may warrant a change in monetary policy.

The S&P 500, one of the broadest index of stocks, climbed 1.5%, while the tech-focused Nasdaq increased 1.9%. The 30-stock Dow Jones Industrial Average also jumped about 1.9%, closing at a fresh all-time high.

F ederal Reserve Chairman Jerome Powell used last year's Jackson Hole, Wyo., speech to kick off a rate-cutting cycle, but Wall Street now doubts that this year's speech will signal a resumption of rate cuts. The good news for investors is that markets have already braced for disappointment somewhat.

At Jackson Hole, Jerome Powell could lay out more overarching changes to the central bank’s dual mandate that will last long after his tenure is up next May and mark part of his legacy.

The US dollar is getting sold off aggressively as the market interpreted dovish signs for a cut in September, even in a relatively nuanced speech.

Business Insider has you covered from every angle as investors gear up for Jerome Powell's Jackson Hole speech on Friday.