Powell Signals Fed May Cut Rates Soon Even
Digest more
Federal Reserve Chair Jerome Powell delivers a high-profile address at the annual Jackson Hole Economic Policy Symposium.
So many Federal Reserve officials have said they are waiting for data over the next few weeks before deciding on a September rate cut that it doesn't leave Fed Chair Jerome Powell much room to clearly signal a rate cut,
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
The White House is pressing Senate Republicans to confirm an ally of President Donald Trump to the Federal Reserve board in time for its next meeting in mid-September, when members will decide whether to slash interest rates for the first time this year.
Gold edged down as investors awaited the Federal Reserve’s Jackson Hole gathering for clues on the path for US interest rates.Bullion traded around $3,340 an ounce, paring some of the gains made on Wednesday when President Donald Trump’s call for Fed Governor Lisa Cook to resign bolstered haven demand.
The symposium comes amid a confusing economic picture and pressure on several members of the top committee to quit from President Trump.