Fed Chair Powell opens door to September rate cut in Jackson Hole speech
Federal Reserve Chair Jerome Powell signaled the possibility of a September rate cut in a Jackson Hole speech, while cautioning that inflation risks remain elevated due to tariffs. He stressed the Fed would not allow temporary price spikes to fuel persistent inflation. Powell also highlighted rising downside risks to employment as job growth slows sharply. Markets reacted positively, with stocks rallying and bond yields falling … Continue reading Fed Chair Powell opens door to September rate cut in Jackson Hole speech
