Jerome Powell's Jackson Hole Speech
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The Federal Reserve notes the balance of risks to the U.S. economy may warrant a shift in policy stance – in other words, a rate cut. Read more here.
Powell’s speech comes amid unprecedented pressure from the White House aimed at getting the central bank to lower borrowing costs.
Federal Reserve Chair Jerome Powell warned that President Donald Trump 's tariffs are pushing consumer prices higher and would continue to do so over the coming months.