Minutes after the speech, investors pegged the chances of a quarter-point interest rate cut at 91%, up from a 75% chance assessed one day earlier, according to CME FedWatch Tool, a measure of market sentiment. Despite the market's positive reaction to Powell's speech, the Fed chair voiced a note of caution for the outlook for the U.S. economy.

Fed Chair Jerome Powell is under intense pressure from U.S. President Donald Trump to cut interest rates. Economics professor Justin Wolfers talks to Becky Anderson about Powell’s future, and his potential successors.

Eric Trump, the Securities and Exchange Commission’s new, crypto-friendly chair Paul Atkins and two Fed governors on Donald Trump’s shortlist to replace Powell are all set to attend the Wyoming Blockchain Symposium at the Four Seasons hotel in Jackson Hole.

By Suzanne McGee (Reuters) -Investors will next week train their sights on Jackson Hole, Wyoming, where Federal Reserve policymakers gather for their annual policy symposium, in a search for clues on the path of interest rate cuts that could boost stocks to more record highs.

Good morning & happy Monday. Stock futures are currently to the downside. Today, there are 29 earnings reports due out, per data from TipRanks. Most-closely watched will be earnings from cybersecurity giant Palo Alto Networks ( PANW) and one-time retail investor darling Blink Charging ( BLNK) .