By Lewis Krauskopf, Laura Matthews and Davide Barbuscia NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell's closely watched Jackson Hole speech on Friday boosted optimism in markets that the U.S.

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

Fed Chair Powell sparked a big rally as he signaled the central bank could cut rates in September in his remarks at the Jackson Hole policy symposium.

If the famously data-dependent Federal Reserve Chair Jerome Powell shifts gears and takes a gloomier view of the job market, that could open the door for a rate cut at the Fed’s next meeting in September.

It’s time once again for central bankers, economists and academics to gather in Jackson Hole, Wyoming, for the Federal Reserve of Kansas City’s annual economic policy symposium. The gathering comes as the Fed finds itself an increasing focus of criticism from the White House as President Donald Trump seeks to transform the global economy and the US workforce.

Business Insider has you covered from every angle as investors gear up for Jerome Powell's Jackson Hole speech on Friday.

Federal Reserve Chair Jerome Powell on Friday said the central bank faces a "challenging situation" as a hiring slowdown coincides with tariff-driven price increases, putting pressure on both sides of the Fed's dual mission to maximize employment and control inflation.

Fed Chair Jerome Powell's address on Friday and Nvidia earnings after the close on Wednesday may hold the keys as to whether the bull market can continue. "In the near-term, if Chair Powell can give a market-friendly speech and NVDA can meet,