Powell Hints at Rate Cuts Amid Economic Uncertainty, Boosting Markets
TL;DR Summary
Federal Reserve Chair Jerome Powell indicated that the Fed might consider lowering interest rates due to a challenging economic environment marked by risks to inflation and employment, while emphasizing that policy decisions are data-driven and not influenced by politics.
- Powell's Jackson Hole Speech: Fed Chair Hints at Rate Cuts, Says Jobs and Inflation Are 'Challenging' Barron's
- Powell indicates conditions 'may warrant' interest rate cuts as Fed proceeds 'carefully' CNBC
- Fed Chair Jerome Powell signals possible rate cut, sending stocks sharply higher NPR
- Powell opens door to potential rate cut in speech highlighting rising economic risks NBC News
- Wall St jumps after Powell hints at possible Fed rate cut Reuters
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