The Federal Reserve chair opened the door to rate cuts even as he cautioned about inflation in his closely watched Jackson Hole speech.
Federal Reserve Chairman Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hill in Washington on Feb. 11, 2025. Madalina Vasiliu/The Epoch Times
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Federal Reserve Chair Jerome Powell hinted at upcoming interest rate cuts as risks to the central bank’s dual mandate—maximum employment and price stability—increase.
In his final keynote address at the Jackson Hole Economic Symposium on Aug. 22, Powell indicated that current economic conditions may warrant a reduction to the benchmark federal funds rate.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”
