This week, Trump complained in an interview with Reuters that he was "not thrilled" with Powell's Fed for raising rates. During the 1997-98 crisis, the Fed imposed an emergency rate cut and successfully insulated the U.S. economy from the global turmoil. Past Fed leaders have sometimes used the Jackson Hole conference to signal changes in Fed policies. But most economists think Powell will refrain from signaling any change in the Fed's plans for interest rates. "I think Powell will be less sensitive to foreign developments and more focused on the domestic economy, barring some huge crisis."

Source: ABC News August 22, 2018 16:07 UTC