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Federal Reserve Chairman Jerome Powell Could Slap Around Markets at Jackson Hole

Federal Reserve chairman Jerome Powell takes center stage at Jackson Hole on Friday. He could slap down markets a bit. More Tesla news anyone?
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Pay attention on this slow summer Friday, investors. 

Jerome Powell, The Enforcer

It's showtime for Federal Reserve chairman Jerome Powell as he will take center stage at Jackson Hole. He could use the spotlight to slap down President Trump and exuberant markets. 

Don't think markets are exuberant? Check out Trump's tweet early on Friday:

TheStreet Recommends

"Target CEO raves about the Economy. "This is the best consumer environment I've seen in my career." A big statement from a top executive. But virtually everybody is saying this, & when our Trade Deals are made, & cost cutting done, you haven't seen anything yet!" Not a bad way for Target (TGT) - Get Target Corporation Report CEO Brian Cornell to start the day...

Give PayPal a Second Look

PayPal (PYPL) - Get PayPal Holdings, Inc. Report shares have dropped about 4% over the past month on fears of slowing growth. But RW Baird tech analyst Colin Sebastian says Venmo could be a billion dollar business by 2021.

That should excite investors, no?

What TheStreet Is Up To

Another big week just about in the books for TheStreet's newsroom. If you are interested in autonomous driving -- and names like Intel (INTC) - Get Intel Corporation Report and Nvidia (NVDA) - Get NVIDIA Corporation Report powering the industry -- give this piece by our @BretKenwell a read.

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