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Fed Chair Jerome Powell Signals September Rate Cut in Jackson Hole Speech, Saying ‘Balance of Risks’ Is Shifting From Inflation to Layoffs

Powell delivered the guidance in a highly anticipated speech on Friday at the central bank's annual symposium in Jackson Hole ...

Powell hints Fed may cut interest rates soon

Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming ...

Powell Sends Strongest Signal Yet That Interest Rate Cuts Are Coming

Jerome H. Powell said the “balance of risks” across the economy had started to shift, raising the odds the central bank ...

Dow closes up 840 points after Fed Chair Powell signals possible interest rate cut

Minutes after the speech, investors pegged the chances of a quarter-point interest rate cut at 91%, up from a 75% chance ...

Jerome Powell tells Jackson Hole ‘balance of risks’ tilting toward a rate cut

Powell’s speech comes amid unprecedented pressure from the White House aimed at getting the central bank to lower borrowing ...