Fed Chair Powell has used Jackson Hole to signal what's next
Digest more
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, Wyo.—Federal Reserve Chair Jerome Powell opened the door for rate ...
Powell delivered the guidance in a highly anticipated speech on Friday at the central bank's annual symposium in Jackson Hole, WY.
Jerome H. Powell said the “balance of risks” across the economy had started to shift, raising the odds the central bank lowers borrowing costs at its next meeting in September.