Powell Sends Strongest Signal Yet That Interest Rate Cuts Are Coming
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.
Jerome H. Powell, the chair of the Federal Reserve, on Friday used a closely watched speech to send his strongest signal yet that the central bank is preparing to soon restart interest rate cuts, highlighting the labor market’s vulnerabilities even as inflation accelerates.
Mr. Powell held back from explicitly endorsing a reduction in...
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