Fed Chair Powell Hints At Rate Cuts
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During a speech this morning at the Federal Reserve Bank of Kansas City’s economic symposium in Jackson Hole, Wyoming, Federal Reserve Chair Jerome Powell addressed the tensions behind the central bank’s upcoming decision on the federal funds rate.
Federal Reserve Chair Jerome Powell is set to give what could be his most consequential speech yet — just a few days after one of his colleagues was threatened with prosecution for alleged mortgage fraud.
Federal Reserve Chair Jerome Powell's closely watched Jackson Hole speech on Friday boosted optimism in markets that the U.S. central bank is poised to ease rates, sending investors to pile into riskier assets and interest-rate-sensitive sectors.