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Jerome Powell Set To Deliver Pivotal Jackson Hole Address As Analysts Warn It Could Be 'Make-Or-Break' Moment For Dovish Fed
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Federal Reserve Chair Jerome Powell's upcoming speech at the Jackson Hole Economic Policy Symposium on Friday is being billed as a pivotal, "make-or-break" moment for the central bank's more dovish contingent. This annual gathering of central bankers, economists, and financial leaders in Wyoming is one of the most closely watched events on the economic calendar, and this year's address is no exception. Market Experts Are Widely Anticipating A "Conciliatory" Tone The anticipation surrounding Powell's speech has been fueled by a growing consensus among market analysts that the Fed is poised to ease its monetary policy. Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — According to Gary Black of The Future Fund, money markets are now pricing in an 84% chance of a 25-basis-point rate cut in September, with expectations for two cuts by the end of the year. He says that Powell's speech 'could be make-or-break moment for a more dovish Fed.'This sentiment persists despite a recent hotter-than-expected Producer Price Index (PPI) report for July. Similarly, Tom Lee of FundStrat has expressed his hope for a 'conciliatory tone to rate cuts' from the Fed Chair. Historical Market Reaction To Jackson Hole Historically, the S&P 500's performance in the week following the Jackson Hole symposium has been mixed, often marked by increased volatility as investors digest the Federal Reserve's messaging. According to analysis from Kevin Gordon of Schwab, citing Bloomberg Intelligence data, the index has gained an average of 0.4% in the week after the event since 2000.2025 Theme To Highlight Transitions In Labor Markets The theme for the 2025 symposium, which will take place from Aug. 21-23, is 'Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy.' This theme will guide the discussions and papers presented at the event, with a focus on how shifts in the labor market will impact the broader economy and monetary policy decisions. As the world watches, Powell's speech against this backdrop will be scrutinized for any hints about the future direction of the U.S. economy and the Fed's response to the evolving landscape. The Jackson Hole symposium, hosted by the Federal Reserve Bank of Kansas City, has a long history of being a platform for major policy announcements. The event brings together a select group of around 120 attendees, including central bankers from around the world, academics, and government officials, to discuss pressing long-term economic issues. Read Next: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image Credit: Jack Gruber-USA TODAY via Imagn This article Jerome Powell Set To Deliver Pivotal Jackson Hole Address As Analysts Warn It Could Be 'Make-Or-Break' Moment For Dovish Fed originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
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Trump administration to seek federal charges against people snared in DC crackdown, sources say
By Sarah N. Lynch and Ned Parker WASHINGTON (Reuters) -President Donald Trump's administration this week ordered federal prosecutors in Washington, D.C., to be more aggressive in pursuing criminal cases against people arrested as part of a crackdown in the nation's capital, three people familiar with the matter told Reuters. The move marks an escalation of Trump's push against what he has described as a wave of crime and homelessness in Washington, in which the Republican president has already called up hundreds of National Guard troops and temporarily taken over the Democratic-led city's police department. The head of the criminal division of the Washington, D.C., U.S. Attorney's office, Jonathan Hornok, on Monday told prosecutors to charge as many federal cases as possible against people arrested in the sweeps, a move that could both strain the court system and raise the stakes for criminal defendants because convictions for federal crimes can carry weighty sentences, said the people, who were granted anonymity to discuss internal department matters. While many of the U.S. federal prosecutors in that office focus on higher-level offenses such as terrorism and fraud, the Washington office plays a dual role in prosecuting both federal and local crimes. In a post on X on Tuesday, Attorney General Pam Bondi said that since Trump's takeover of the Metropolitan Police Department began, there have been 465 arrests made for a variety of offenses, including homicide, narcotics, and firearm offenses. It was not clear how many of these could be eligible for federal charges. "In line with President Trump's directive to make D.C. safe, U.S. Attorney (Jeanine) Pirro has made it clear that the old way of doing things is unacceptable. She directed her staff to charge the highest crime that is supported by the law and the evidence," a spokesperson for Pirro's office said on Tuesday. Dozens of prosecutors have voluntarily left the Washington U.S. Attorney's office since Trump took office in January, while others have been fired. The orders could place additional stress on federal law enforcement agents including those from the FBI who are already stretched thin because they have been ordered to participate in nightly rotational shifts to patrol the capital's streets. That could leave them less time and resources to help do the follow-up investigations that will be required to support criminal charges, such as interviewing witnesses, canvassing for CCTV footage or following up to obtain DNA evidence, which is often required to win a conviction in D.C. for unlawful firearm possession cases. The U.S. Attorney's office is planning to bring in about 20 people from the Department of Defense on Monday to serve as special assistant U.S. attorneys to help prosecute the misdemeanor cases, a spokesperson confirmed.
Yahoo
25 minutes ago
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Dallas Based Andrew Hillman Launches National Scholarship to Advance Entrepreneurship for U.S. Undergraduates
DALLAS, TX / / August 19, 2025 / The Andrew Hillman Scholarship for Entrepreneurs is now open for applications from undergraduate students across the United States who demonstrate a passion for entrepreneurship and innovative business leadership. Founded by Dallas-based entrepreneur and business strategist Andrew Hillman, the scholarship seeks to support aspiring students who envision shaping the future through their entrepreneurial pursuits. With over 30 years of experience in revenue growth, business leadership, and investment strategy, Andrew Hillman introduces this initiative as a continuation of his long-standing commitment to fostering rising talent. The scholarship aims to identify students with strong business acumen, creative thinking, and the ambition to build or manage successful enterprises in the future. Andrew Hillman has dedicated much of his professional career to mentoring business leaders and scaling companies across multiple industries. Having witnessed the transformative power of entrepreneurship first-hand, he established the Andrew Hillman Scholarship for Entrepreneurs to provide tangible support to students who possess the mindset, discipline, and vision necessary for real-world success. The scholarship is not geographically restricted and is open to students nationwide, though it carries special significance to the Dallas community where Andrew Hillman was born and raised. Applicants must currently be enrolled in an accredited college or university as undergraduates and must submit a compelling 1,000-word essay articulating their entrepreneurial mindset, innovative ideas, and long-term business goals. This initiative is designed to uplift students who reflect the values Andrew Hillman has championed throughout his career-strategic thinking, community engagement, and entrepreneurial vision. The application deadline for the scholarship is December 15, 2025, and the winner will be publicly announced on January 15, 2026. The awarded funds are intended to support the educational endeavors of the selected student and aid them in their journey toward launching or managing a successful business. This scholarship reflects Andrew Hillman's desire to leave a lasting impact on future generations by providing not just financial support, but also recognition of the hard work and strategic thinking that defines a successful entrepreneur. As someone who has built his career by identifying inefficiencies, creating scalable solutions, and driving sustained growth, Andrew Hillman recognizes the importance of cultivating young talent with similar drive and potential. Interested students can apply through the official website and are encouraged to submit applications that clearly demonstrate their originality, strategic foresight, and entrepreneurial commitment. For complete eligibility details, essay requirements, and submission guidelines, students are encouraged to visit the official website. Contact InformationSpokesperson: Andrew HillmanOrganization: Andrew Hillman Scholarship for EntrepreneursWebsite: SOURCE: Andrew Hillman Scholarship View the original press release on ACCESS Newswire
