Powell hints at possible rate cut
Digest more
Jerome Powell said the labor market might be softening enough to rein in inflation that is being pushed up by tariffs .
Powell delivered the guidance in a highly anticipated speech on Friday at the central bank's annual symposium in Jackson Hole, WY.
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.