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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 the number. You can't be

lag or 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

...