Powell hints at possible rate cut
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Powell, Jackson Hole and S&P
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Federal Reserve Chair Jerome Powell delivers a high-profile address at the annual Jackson Hole Economic Policy Symposium.
There’s the awkwardness that if the US central bank does cut rates, it may be because the economy is in trouble, and it has to, writes Jonathan Levin.
JACKSON HOLE, Wyoming — Federal Reserve Chair Jerome H. Powell said on Friday that a slowing job market “may warrant” interest rate cuts in the future, but he also warned that President Donald Trump’s trade policies still threaten to push inflation higher.
Jerome Powell said the labor market might be softening enough to rein in inflation that is being pushed up by tariffs .
18hon MSN
Fed Chair Powell: Our policy actions depend on the economic outlook and the risks to that outlook
Federal Reserve Chair Jerome Powell delivers his annual address Friday morning at the central bank’s annual symposium in Jackson Hole, Wyoming.