Powell puts rate cut on table
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Markets rose Friday after Federal Reserve Chair Jerome Powell appeared to open the door to lowering interest rates, something analysts say would help boost overall activity in the U.S. economy but at the risk of spurring inflation.
Federal Reserve Chair Jerome Powell didn't "promise" to cut interest rates in September and may not adjust rates if there are dramatic surprises in the data in the coming weeks, said former Boston Fed President Eric Rosengren.
Federal Reserve Chair Jerome Powell on Friday pointed to a possible interest rate cut at the U.S. central bank's meeting next month, but stopped short of committing to it, in remarks acknowledging both the growing risks to the job market and ongoing threat of higher inflation.
While Trump frames the issue as consumer pain, Wharton’s Joao Gomes told Fortune that cheaper borrowing would also ease interest payments on the government’s $37 trillion debt burden—likely a central motivation.
This striking chart from the Brooking Institution's Robin Brooks lays out that no matter Fed Chair Jerome Powell articulates, there are issues in the Treasury market that lie beyond short-term interest rates.
The dollar was trading steady as investors wait for clues on the Federal Reserve's plans for interest-rate cuts. The Fed's meeting minutes will be released at 1p.m. Eastern time. However, the decisive
The U.S. dollar drifted on Thursday as investors fretted about the Federal Reserve's independence after yet another attack from President Donald Trump ahead of remarks from Chair Jerome Powell later this week that could influence the outlook for rates.
Treasury yields edged marginally lower in Asian trade with investors focusing on Jerome Powell’s speech. He will likely highlight longer-term economic challenges, such as demographics and productivity,