I'm Jackie DeAngelis and this is the Fox Business Rundown.

Friday, August 22nd, 2025.

Fed Chair Jerome Powell is spoken at the Central Bank's Jackson Hole Symposium saying, quote,

the balance of risks appears to be shifting.

U.S. stocks rallied as investors took Powell's words as a hint

toward a shift in policy in September. You have to get in front of that number. You have to get in

front of that number. You can't be lagger. It can't be behind it. Yeah, we want the first rate cut.

Today is a celebration. Hope we don't have a hangover next week over it. At his final annual speech in Jackson Hole, Wyoming, Fed Chair Jerome Powell gave his

evaluation of the economy so far, pointing towards U.S. borrowing costs, a softening labor

market, and a fight with inflation that appears to be contained for now.

He also changed his tune somewhat on President Trump's tariffs. Before,

there were reports that Powell was scrutinizing the impact tariffs were having on inflation.

But in his speech on Friday morning, he pushed back on the tariff concerns, saying,

quote, a reasonable base case is that the effect will be relatively short-lived, a one-time shift in the price level.

Powell's words have revived the rate-cut optimism in the market after U.S. stocks mostly slid

throughout the week. The major indexes jumped more than 1% so far this Friday with the Dow on

pace for its first record close of 2025. And treasury yields are

falling as traders now seem to be breathing a sigh of relief that a September rate cut appears

likely once again. They kind of recognized as a shift here, you know, that.

Ken Mahoney is CEO of Mahoney Asset Management. Unemployment number, the Labor Department

number, and the revisions

has them somewhat word. Look, the dual mandates are, right? That's somehow juggle inflation in a labor

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