Powell's Last Jackson Hole Speech Could Be a Big 1
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Powell’s speech comes amid unprecedented pressure from the White House aimed at getting the central bank to lower borrowing costs.
By Howard Schneider and Ann Saphir JACKSON HOLE, Wyoming (Reuters) -Federal Reserve Chair Jerome Powell on Friday pointed to a possible interest rate cut at the U.S. central bank's meeting next month,
Powell opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move.
If inflation starts climbing again after a rate cut, “the Fed will have to reverse course — and in the worst case, start hiking again,” Slok said.