Jackson Hole Day: Powell's Fed Summit Speech and the Markets 8/23/24

<p>Carl Quintanilla, David Faber and Sara Eisen set the stage for Friday's Jackson Hole Symposium speech by Fed Chair Jerome Powell. Among the issues discussed: The potential for rate cuts and what's at stake for the markets including the banking sector, plus a look how stocks historically perform leading up to, during and right after the Fed Chair's Jackson Hole remarks. Also in focus: Vice President Harris formally accepts the Democratic Party presidential nomination, stock winners and losers, Nestlé replaces its CEO.</p><p> </p><p>Squawk on the Street Disclaimer</p><p> </p>