Jerome Powell on Friday hinted that Fed may cut rates soon but gave no hint on the timing of a move. He suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the economy.

JACKSON HOLE, Wyoming — Federal Reserve Chair Jerome H. Powell said on Friday that a slowing job market “may warrant” interest rate cuts in the future, but he also warned that President Donald Trump’s trade policies still threaten to push inflation higher.

Shares of hospitality company Hyatt Hotels (NYSE:H) jumped 5.1% in the afternoon session after comments from Federal Reserve Chair Jerome Powell opened the door to potential interest rate cuts. Powell's comments at the Jackson Hole Economic Policy Symposium suggested that the central bank could begin to cut interest rates,

Federal Reserve Chair Jerome Powell may throw some cold water on markets Friday and remind them that a 25-basis-point interest-rate cut next month is not a done deal, said Yardeni Research's Ed Yardeni in an interview with MarketWatch.

Federal Reserve Chair Jerome Powell will roll back some of the strategy changes from 2020 in his speech today, The Wall Street Journal reported. Back then, officials tweaked their approach to say they

President Trump floated the idea of firing Jerome Powell — whom he first appointed Federal Reserve chair — earlier this week, after years of on-and-off criticism over interest rates.

Jerome Powell, the Federal Reserve chair, is managing a high-stakes balancing act as he grapples with a cooling labor market, rising inflation and White House pressure to cut interest rates.

Heading into the Jackson Hole Economic Summit, investors focused on how Jerome Powell’s message might differ from his assessment of the economy at the July Federal Open Market Committee meeting. Powell indicated then that the decision to keep the federal funds rate unchanged at 4.