The Latest Breaking News from Jerome Powell

The benchmark SP 500 Information Technology Index is down 1.50% for the past week, as AI stocks were stuck in a blender that affected big names like Palantir (NASDAQ:PLTR), Nvidia (NASDAQ:NVDA), and Amazon (NASDAQ:AMZN).

Shares of SoFi Technologies Inc (NASDAQ:SOFI) are climbing Friday afternoon, hitting a new 52-week high, after Federal Reserve Chair Jerome Powell struck a notably dovish tone in his Jackson Hole remarks, signaling that downside risks to the labor market are rising and that interest rate cuts may be warranted if…

Opendoor Technologies, Inc. (NASDAQ:OPEN) shares soared Friday as investors celebrated Federal Reserve Chair Jerome Powell's dovish remarks from Jackson Hole. 

The FTSE 100 index closed up 12.20 points, 0.1%, at 9,321.40.

Imagine being Jerome Powell this week. On Friday, August 22, the Federal Reserve chairman will step onto the stage at the Jackson Hole Economic Policy Symposium — the most closely watched monetary retreat in the world — with markets, politicians, and even building contractors staring him down.

Advanced Micro Devices Inc (NASDAQ:AMD) shares are trading higher Friday after Federal Reserve Chair Jerome Powell signaled a dovish pivot at the Jackson Hole Symposium, raising expectations that interest rate cuts could arrive sooner than anticipated.

If inflation starts climbing again after a rate cut, “the Fed will have to reverse course—and in the worst case, start hiking again,” Slok said.

Palantir Technologies Inc (NASDAQ:PLTR) shares are trading higher Friday morning following Federal Reserve Chair Jerome Powell's unexpectedly dovish comments at Jackson Hole, which signaled that interest rate cuts may soon be on the table as labor market risks mount.

Federal Reserve Chair Jerome Powell on Friday used his Jackson Hole speech to acknowledge rising risks to U.S. employment, signaling the central bank may be preparing to shift its policy stance.