Finance
Fed Chairman Jerome Powell speaks from the Jackson Hole conference
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Federal Reserve Chairman Jerome Powell delivers his keynote speech Friday morning at the central bank’s annual retreat in Jackson Hole, Wyoming.
Fed Chairman Powell indicates that interest rate cuts are in the offing – ‘The time has come for policy adjustment’
Powell was widely expected to chart a path forward that would include interest rate cuts as the pace of inflation slows and concerns grow about the sustainability of the U.S. economic expansion.
In previous years, he has used Jackson Hole to outline major policy initiatives and intentions. Markets widely expect the Fed to start cutting rates in September and continue with a series of cuts through at least 2025.
Read more:
Fed minutes indicate a ‘likely’ rate cut in September
Fed survey shows low employment, concerns about finding work and dissatisfaction with wages
Philadelphia Fed President Harker calls for an interest rate cut in September
