The U.S. Federal Reserve's pivot toward the labor market in 2020 will get a reboot on Friday when Fed Chair Jerome Powell is expected to release a new framework for the central bank that accounts for a half-decade in which inflation surged,

Federal Reserve Chair Jerome Powell is set to address an annual gathering of central bankers and economics bigwigs at a mountain resort in Jackson Hole, Wyo., Friday. Here's what you need to know: What exactly is the Jackson Hole Economic Policy Symposium?

The Trump administration has pressured Powell, whose term as Fed chair expires next year, to step down as chair of the central bank.