With the Federal Reserve considered certain to start cutting its benchmark interest rate next month, Chair Jerome Powell’s highly anticipated speech Friday morning at an economic conference will be closely
Jerome Powell did not say when rate cuts would begin or how large they might be in his keynote speech at the Fed's annual economic conference in Jackson Hole.
JACKSON HOLE, Wyoming >> Federal Reserve Chair Jerome Powell today endorsed an imminent start to interest rate cuts, saying further cooling in the job market would be unwelcome and expressing confidence that inflation is within reach of the U.S. central bank’s 2% target.
With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday.
With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said.
Federal Reserve chairman Jerome Powell signaled that he's increasingly confident inflation will soon be tamed, and that he and his colleagues will soon cut interest rates to avoid hurting the job market.
Jerome H. Powell used a speech in Jackson Hole to signal that the Federal Reserve will begin to cut rates on Sept. 18, and to voice wariness about the job market.
With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday.
Powell did not say when rate cuts would begin or how large they might be, but the Fed is expected to announce a quarter-point cut in its key rate when it meets in mid-September.
In a speech at the Jackson Hole Economic Policy Symposium conference Friday, Federal Reserve Chair Jerome Powell said it was time for the Fed to make a major shift.
Federal Reserve Chairman Jerome Powell gave a strong signal that the central bank would soon cut interest rates after years of restrictive monetary policy.
Federal Reserve Chair Jerome Powell indicated that “the time has come” for interest rate cuts in his speech on August 23 at the Jackson Hole Economic Symposium.
Federal Reserve Chair Jerome Powell signaled during a speech Friday at the Kansas City Fed's symposium in Jackson Hole, Wyoming, that interest rate cuts are on the way.
