# Powell Speech in Jackson Hole: Fed Chair Says Gradual Hikes Neede - Bloomberg

> Powell told the Jackson Hole symposium that the gradual normalization of rates remains appropriate. The remarks pointed to a September hike and kept the path of gradual tightening intact.

- Date: 2018-08-24 · published 2018-08-24T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/63464-powell-speech-in-jackson-hole-fed-chair-says-gradual-hikes-neede-bloomberg
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A gradual Fed path limits dollar strength, which helps keep dollar-priced commodities and export demand from weakening sharply.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-07-31 | [Fed Meeting Today: Live Analysis on Interest Rates, Powell Speech - Bloomberg](https://feedsoft.ai/events/29142-fed-meeting-today-live-analysis-on-interest-rates-powell-speech-bloomberg.md) | -0.5% | -1.9% |
| DXY | 2018-08-24 | [Powell signals no need for speed when it comes to Fed rate hiking](https://feedsoft.ai/events/63461-powell-signals-no-need-for-speed-when-it-comes-to-fed-rate-hiking.md) | -0.0% | -0.5% |
| DXY | 2026-09-01 | [Gold ticks up on weaker dollar, Warsh's Jackson Hole speech in focus](https://feedsoft.ai/events/17808-gold-ticks-up-on-weaker-dollar-warsh-s-jackson-hole-speech-in-focus.md) | -0.6% | +2.1% |
| DXY | 2018-09-20 | [Dollar Traders See the Fed's Next Rate Hike as a Big Sell Signal - Bloomberg](https://feedsoft.ai/events/63241-dollar-traders-see-the-fed-s-next-rate-hike-as-a-big-sell-signal-bloomberg.md) | +0.0% | +1.0% |
| DXY | 2019-03-09 | [Powell, Fed Colleagues Stress March Pause Amid Strategy Rethink - Bloomberg](https://feedsoft.ai/events/60269-powell-fed-colleagues-stress-march-pause-amid-strategy-rethink-bloomberg.md) | -0.7% | -0.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-08-24/powell-says-gradual-hikes-likely-needed-if-economy-stays-healthy

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.