Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House’s demands.

Powell delivered the guidance in a highly anticipated speech on Friday at the central bank's annual symposium in Jackson Hole, WY.

Major brokerages, including Barclays, BNP Paribas and Deutsche Bank, now expect a 25-basis-point U.S. Federal Reserve rate cut in September following Chair Jerome Powell's shift in tone at Jackson Hole toward rising risks in the labor market.

The president’s intention to fire Fed governor Lisa Cook could give him sway over the central bank’s rate-setting power.

Donald Trump has throughout his presidential career fought the Federal Reserve and its chair Jay Powell with public bluster and verbal threats to try to get his way on interest rates. But on Monday night the US president took his assault on the world’s most important central bank to the next level,