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Chairman Signals the Fed Could Cut Rate Soon
Jerome Powell noted inflation above target at 2.7% and sluggish hiring as reasons for potential cautious interest rate cuts in upcoming Federal Reserve meetings.
- On Friday, Federal Reserve Chair Jerome Powell opened the door to lowering a key interest rate in the coming months, with the Fed's rate currently at 4.3%.
- With hiring sluggish, Powell signaled tariffs are lifting prices and could push inflation higher in the coming months, citing rising downside risks to the job market.
- At the Jackson Hole symposium, where about 100 attendees gathered, core prices rose 3.1%, and the S&P 500 rose 1.5% after Powell's remarks.
- Powell said the Fed will proceed cautiously and economists at Goldman Sachs expect a quarter-point cut at one of the Fed's remaining meetings this year, including next month, late October, and December.
- This year, the Fed reviewed its policy framework and Powell emphasized the Federal Reserve will set interest-rate policy free from political pressure despite White House scrutiny.
13 Articles
13 Articles
Beatrice Daily Sun
Chairman signals the Fed could cut rate soon
JACKSON HOLE, Wyo. — Federal Reserve Chair Jerome Powell on Friday opened the door slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank…
Powell signals possible rate cut, Fed remains cautious
KEY TAKEAWAYS: Powell opens door to potential rate cuts but gives no timing Fed will evaluate inflation, tariffs, and unemployment before acting Stock market responds positively, S&P 500 rises 1.5% Fed emphasizes independence from political pressure while reviewing policy framework Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timi…
Fed chair Powell hints at rate cut as inflation and jobs pressure economy
Inflation has crept higher in recent months though it is down from a peak of 9.1% three years ago. Tariffs have not spurred inflation as much as some economists worried, but they are starting to lift the prices of heavily imported goods such as furniture, toys, and shoes
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