Fed Chair Jerome Powell Signals September Rate Cut in Jackson Hole Speech, Saying ‘Balance of Risks’ Is Shifting From Inflation to Layoffs
Federal Reserve Chair Jerome Powell has signaled a possible interest rate cut in September, saying that the “balance of risks” in the economy could be shifting away from inflation and toward rising layoffs. Powell delivered the guidance in a highly anticipated speech on Friday at the central bank’s annual symposium in Jackson Hole, WY. It followed months of pressure […]