Skip to main content
See every side of every news story
Published loading...Updated

Powell at Jackson Hole: ‘The time has come’ for the Fed to soon begin reducing interest rates

  • Federal Reserve Chairman Jerome Powell announced "the time has come" for potential interest rate cuts, but provided limited details on timing and extent.
  • In his Jackson Hole speech, Powell emphasized that the Fed's future decisions will rely on data and economic outlook.
  • Powell expressed increased confidence in inflation's return to the 2% target, noting recent progress after earlier stagnation.
Insights by Ground AI

222 Articles

The president's reference to multiple rate cuts was the only clue that a series of reductions are likely, as economists have predicted.

·Las Vegas, United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 52% of the sources are Center
52% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Coin Desk broke the news in Manila, Philippines on Thursday, August 22, 2024.
Sources are mostly out of (0)
News
For You
Search
BlindspotLocal