Powell Likely to Use Jackson Hole to Suggest Fed Ready to Cut

Federal Reserve Chairman Jerome Powell will have no lack of material to choose from when he kicks off the central bank’s annual Jackson Hole symposium Friday with a speech on the challenges for monetary policy.

A deglobalization shock touched off by Donald Trump’s trade policy; super low interest rates, including $16.7 trillion in negative-yielding bonds; a never-ending presidential assault on the Fed; and a rising risk of a U.S. and worldwide recession.