Jackson Hole:

Powell’s Full Speech

Wall Street Reaction

Pressure on Powell

Morning Briefing Americas

Powell Takes Center Stage at Jackson Hole

Mount Moran looms outside the Jackson Lake Lodge in Moran, Wyoming, US, on Thursday, Aug. 21, 2025. Central bankers gathering in Jackson Hole this week for the Kansas City Fed’s annual conference are prepared to go beyond swapping research papers and savoring mountain views; they're coming to defend Fed Chair Jerome Powell. — Mount Moran looms outside the Jackson Lake Lodge in Moran, Wyoming, US, on Thursday, Aug. 21, 2025. Central bankers gathering in Jackson Hole this week for the Kansas City Fed’s annual conference are prepared to go beyond swapping research papers and savoring mountain views; they're coming to defend Fed Chair Jerome Powell.
Photographer: David Paul Morris/Bloomberg

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By Eleanor Thornber and Omar El Chmouri

August 22, 2025 at 11:24 AM UTC

Good morning. All ears are attuned to Jerome Powell’s speech in Jackson Hole. AI stirs (more) hiring drama. And Oracle co-founder Larry Ellison is making catamarans cool again. Listen to the day’s top stories.