The Trump administration has pressured Powell, whose term as Fed chair expires next year, to step down as chair of the central bank.

Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.

The Federal Reserve Bank of Kansas City’s annual economic symposium in Jackson Hole, Wyoming is winding down. Here are some of the key takeaways from the conference:Powell SignalFed Chair Jerome Powell used his Friday speech to signal the US central bank is likely on track for an interest-rate cut in September,