Fed chair Powell to give high-stakes speech at Jackson Hole amid Trump attacks

Jerome Powell – who Trump has urged to resign – will address the economic outlook at a symposium in Wyoming

For months, the Federal Reserve chair, Jerome Powell, has ignored demands from Donald Trump to cut interest rates and defied the US president’s calls to resign.

On Friday, as Trump ramps up his extraordinary attack on the central bank’s independence, Powell will set out where he thinks the world’s largest economy is headed in a closely scrutinized speech at the Jackson Hole symposium in Wyoming.