Powell Signals Fed's Readiness for Rate Cuts at Jackson Hole Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium has set the stage for potential interest rate cuts in the near future. Powell expressed growing confidence that inflation is approaching the Fed’s 2% target and acknowledged that further cooling in the job market would be unwelcome. He emphasized that the Fed is prepared to adjust its policy stance, with the timing and pace of rate cuts dependent on incoming economic data. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. Labor Market Defies Expectations with Lower than Expected Jobless Claims READ MORE Treasury Yields Drop as Inflation Data Bolsters Rate Cut Hopes READ MORE Turkey's Inflation Climbs to 75.5%, Policymakers Hope for Relief READ MORE Fed's Powell: More Evidence Needed Before Rate Cut Considerations READ MORE Global Platinum Market Faces Increased Deficit in 2024, Says WPIC READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment