President Donald Trump took to social media to once again slam Federal Reserve chair Jerome Powell by blaming him for the US' serious housing problems.

A potential candidate to succeed Federal Reserve Chair Jerome Powell, David Zervos, said that it’s inaccurate to describe the US central bank as independent, and characterized the outgoing Fed chief as aligned with the political left.

Powell is slated to give his annual address in Jackson Hole, Wyoming, on Friday. Swaps are pricing in a high probability the Fed will cut borrowing costs by a quarter point next month. In the face of mounting pressure from President Donald Trump for hefty reductions,

UBS Managing Director Jason Katz says investors are bracing for Jerome Powell’s Jackson Hole remarks as markets tumble and fears of a new ‘tech wreck’ loom on ‘Varney & Co.’

Investors are tracking talks aimed at ending the Russia-Ukraine war and awaiting Federal Reserve Chair Jerome Powell's speech at Jackson Hole at the end of the week.