Federal Reserve Chair Jerome Powell has signaled a possible interest rate cut in September, saying that the "balance of risks" in the economy could be shifting away from inflation and toward rising ...
During his annual speech in Jackson Hole, Wyo., Fed Chair Jerome Powell discussed the potential for the central bank to cut interest rates. Photo: David Paul Morris/Bloomberg JACKSON HOLE, ...
Stocks roar back to life. Jerome Powell's speech in Jackson Hole raised hopes for interest rate cuts and drove stocks higher on Friday. That reversed what had been a rough week for markets—and ...
The U.S. stock market closed sharply higher Friday, as investors cheered the potential for interest rate cuts following Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Policy ...
Federal Reserve Chairman Jerome Powell signaled a possible cut in interest rates in the near future, sending stocks soaring on Friday. Speaking to a gathering of economists and central bankers in ...
Federal Reserve Chair Jerome Powell said Friday the central bank faces “significant uncertainty” as it attempts to navigate the impact of President Trump’s policies, suggesting the bank could cut ...
Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...
I’m Chris Anstey, an economics editor in Boston. Today we preview Jerome Powell’s last Jackson Hole speech as Federal Reserve chair. Send us feedback and tips to [email protected]. And if you ...
Writing on social media platform X, Hayes framed Friday’s address as a critical test: “Will Jay cut and become Trump’s twink, or choose violence becoming Volker 2.0?” The crypto entrepreneur ...
Federal Reserve Chair Jerome Powell opened the door to a September rate cut on Friday, saying in a speech in Jackson Hole that "the baseline outlook and the shifting balance of risks may warrant ...
The Fed remains focused on fighting inflation, viewing high prices as a bigger risk than a weakening job market, per FOMC minutes. A rate cut in September hinges entirely on labor market data; a weak ...
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