Powell Hints at Rate Cuts Amid Inflation Progress and Employment Focus
TL;DR Summary
Federal Reserve Chair Jerome Powell will address the Economic Club of Washington, D.C., discussing interest rate policy and the economy. Traders are looking for clues on potential rate cuts, especially after recent data showed a decrease in consumer prices. Powell previously indicated that the Fed might not wait for inflation to hit the 2% target before cutting rates, with the September meeting being a potential time for such a move.
- Watch Fed Chair Jerome Powell's remarks on interest rate policy and the economy CNBC
- Powell indicates Fed won't wait until inflation is down to 2% before cutting rates CNBC
- Fed’s Powell Sees Progress on Inflation. Focus Is Shifting Toward Employment. Barron's
- Powell says Federal Reserve is more confident inflation is slowing to its target San Francisco Chronicle
- Powell Signals Rate Cut Coming Into View—but Declines to Say When The Wall Street Journal
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