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Wall Street Breakfast

Wall Street Roundup: Markets celebrate Powell's Jackson Hole comments

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 22 August 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

Reactions to Powell's comments at Jackson Hole (0:30). Walmart, Home Depot and retail earnings (3:55). Nvidia reports next week (6:00). Pressure on Powell (7:10). Palantir declines (9:30).

Episode transcripts: seekingalpha.com/wsb

Show links: 
Dow surges to record high as Wall Street rallies on Powell’s Jackson Hole remarks
Chip stocks gain after Fed Chair Powell's speech at Jackson Hole
Cleveland Fed Pres. Hammack: Inflation is too high and trending higher

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Transcript

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0:00.0

Brian Stewart, our director of news at Seeking Alpha, welcome back to Wall Street.

0:14.8

Roundup.

0:15.2

Good to be with you again.

0:16.5

Yeah, good to be here.

0:17.2

Welcome back to you too, Rina.

0:18.3

Appreciate it.

0:19.3

Please note as always that we are recording

0:22.2

this on Thursday afternoon, obviously before the Fed meeting, but I did just talk to Fed expert,

0:32.3

former insider, Danielle DiMartino Booth. So we'll be including an excerpt of my interview with Danielle, which you can catch in full

0:43.4

on our investing experts podcast and or on Seeking Alpha.

0:48.5

You can read along on Seeking Alpha or listen to the audio.

0:50.9

And we're going to include a quick clip of her take on today's meeting

0:57.2

and statements from Fed Chair Jerome Powell. Powell's a little bit too late to this. I've been

1:03.5

highly critical of him suggesting that, you know, in May, that in June, that in July, that the

1:09.1

Fed should have already been in an easing stance.

1:13.0

And I think a lot of investors were anticipating that he would push back on that notion.

1:19.5

And instead, he dove right in. And he said, you know, we thought that job growth had been

1:25.5

north of $150,000 a month. We learned that it was really

1:27.9

35,000 a month. And, you know, when he laid those actual numbers out, that was in more ways than any,

1:36.5

his way of communicating that they would have otherwise been in an easing stance. Had they known

1:42.4

how weak the job market was just a few months ago?

1:46.3

And again, I think that really surprised the markets and that they're celebrating that the

...

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