Between Trump markets and pressure insurance, the president of the Fed on a thread at Jackson Hole – 08/22/2025 at 4:14 am

Jerome Powell, 30 to 2025 to Washington ( AFP /Mandel?

Giving prospects for the markets while being insensitive to the growing pressure from Donald Trump. Nevertheless, this is the crest line on which the president of the Fed, Jerome Powell, must be walked on Friday during a much awaited speech. Therefore,

If the president of the Federal Reserve (Fed). In addition, who must express himself at the Jackson Hole meetings, in Wyoming, never firmly engages on a trend, one of his missions consists in managing the expectations of the markets, indicating in which direction the next decisions of the Central Bank could go. Therefore,

And in this case. between trump markets pressure insurance, However, the possibility of lower rates at the meeting scheduled for mid-September, after having maintained the rates unchanged since that of December, is widely awaited by analysts, if we believe the CME monitoring tool, Fedwatch.

However, so far, neither the press conference of Mr. Nevertheless, Powell at the end of the late July meeting nor the “minutes” of the Fed published on Wednesday have. Meanwhile, offered the slightest indication in this direction. Meanwhile,

“I find it very surprising that the markets have such confidence” in a drop in future rates. Similarly, noted Tim Urbanowicz, analyst for Innovator Capital Management, interviewed by AFP. For example,

“I think it is due above all to the fact that (Donald) Trump repeated to want the. Fed to lower its rates. He puts such pressure on Powell!”

Even before his return to the White House. the American between trump markets pressure insurance, president has indeed considered that the rates of the Fed, currently in a range between 4.25% and 4.50%, were too high.

A conviction that has been strengthened in recent months. during which Donald Trump has asked that the FED will decrease its three percentage rates, believing that Mr. Powell, that he nicknamed “too slow”, did not do the need.

In his eyes. a drop in rates would allow to support its economic policy, customs duties and lower taxes for the richest in particular, by increasing access to loan.

“Someone could say to + too slow + Powell that he damages the construction sector? People no longer have access to real estate loans, everything points to the need for a significant drop in rates. + Too slow + disaster,” wrote Donald Trump on Tuesday evening, on his social social account.

– Last speech between trump markets pressure insurance, for Powell –

Without success. however, so far: despite the increasingly virulent attacks, Jerome Powell has been imperturbable, repeating each time that the institution’s decisions had to be above all based on economic data.

But divisions appeared at the end of July between the members of the Fed Monetary Policy Committee (FOMC). while two votes have spoken in favor of a drop in rates.

For Michelle Bowman. Christopher Waller, both appointed, like Jerome Powell, by Donald Trump during his first mandate, the impact of customs duties on prices is transient while the economy slows down and the risk of deterioration of the job market has strengthened.

However. the Fed has a double mission, of equal importance: to maintain long -term inflation as close as possible to its target of 2% and a saving in full employment.

In this context, the between trump markets pressure insurance, opening speech of Jackson Hole’s meetings by Mr. Powell, the last before he leaves the presidency of the Fed next May, will be particularly followed.

Analysts will in particular seek any indication showing that the risk balance. between inflation and unemployment, evolves for the institution, which would be a sign of a possible redirection of monetary policy.

The last months at the head of the institution promise to be complicated for Mr. Powell, while Donald Trump strengthens his control over the institution.

He has already appointed to the Fed monetary policy committee one of his closest economic advisers. Stephen Miran, who must still be confirmed by the Senate, after the resignation of another Fed official, Adriana Kugler.

And he attacked another official on Wednesday. Lisa Cook, the first African-American woman to be appointed to the prestigious position of governor (in 2022 by between trump markets pressure insurance, Joe Biden), calling for his resignation after a close to the President accused the latter of falsification of documents for a mortgage.

Online in sight. the choice of Jerome Powell’s successor, for whom others close to Donald Trump, including his main economic adviser Kevin Hassett, are regularly mentioned.