Powell puts rate cut on table
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Focus on Jackson Hole meeting
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Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
Powell's Jackson Hole speech signals a dovish Fed shift, balancing inflation and jobs. Markets rally as rate cut expectations rise for September. Read more here.
Federal Reserve Chair Jerome Powell on Friday pointed to a possible interest rate cut at the U.S. central bank's meeting next month, telling the Fed's annual Jackson Hole conference risks to the job market were rising but also noting inflation remained a threat and that a decision wasn't set in stone.
Wall Street rallied on Friday morning after Federal Reserve Chair Jerome Powell's signaled a rate cut could be on the horizon.
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The World’s 10 Wealthiest People Became $33 Billion Richer After Powell’s Jackson Hole Speech
Powell suggested the central bank may loosen its monetary policy, sparking a broader market surge and benefiting the world’s richest.
The economy and the markets are "under surveillance" as we cover the latest in finance, economics and investment.
Fed Chair Powell sparked a big rally as he signaled the central bank could cut rates in September in his remarks at the Jackson Hole policy symposium.
Federal Reserve Chair Jerome Powell on Friday said the central bank faces a "challenging situation" as a hiring slowdown coincides with tariff-driven price increases, putting pressure on both sides of the Fed's dual mission to maximize employment and control inflation.