Published 08/23/2024 2:04:38 p.m.

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.

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BBC News

Jerome Powell: Time has come for interest rate cut, says Fed boss

The remarks signal a new fight for the US central bank, after two years battling inflation.

08/23/2024 2:53:45 p.m.·United Kingdom

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News18 India

US Fed Chair Jerome Powell Hints at Big Rate Cut in September: 'Inflation Falling, Unemployment Faces Risks'

The time has come for the monetary policy to adjust. The direction of travel is clear and the timing and pace of rate cuts will depend upon the evolving data, says US Federal Reserve Chairman Jerome Powell.

08/23/2024 2:24:24 p.m.·India

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Reuters

Key quotes from Powell's speech at Fed's Jackson Hole conference

Here are key quotes from Federal Reserve Chair Jerome Powell's speech on Friday to the Kansas City Fed's annual economic conference in Jackson Hole, Wyoming:

08/23/2024 2:04:38 p.m.·United Kingdom

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Associated Press News

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

With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said

08/23/2024 7:00:07 a.m.·United States

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USA Today

Jerome Powell says "time has come" to lower interest rates, no hint on size of rate cut

Federal Reserve Chair Jerome Powell said the Fed is likely to lower interest rates in September if inflation eased further this month.

08/23/2024 12:00:00 a.m.·United States

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abc News

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

08/23/2024 2:00:46 p.m.·United States

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

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Jerome Powell: Time has come for interest rate cut, says Fed boss

Jerome Powell: Time has come for interest rate cut, says Fed boss

US Fed Chair Jerome Powell Hints at Big Rate Cut in September: 'Inflation Falling, Unemployment Faces Risks'

US Fed Chair Jerome Powell Hints at Big Rate Cut in September: 'Inflation Falling, Unemployment Faces Risks'

Key quotes from Powell's speech at Fed's Jackson Hole conference

Key quotes from Powell's speech at Fed's Jackson Hole conference

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

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

Jerome Powell says "time has come" to lower interest rates, no hint on size of rate cut

Jerome Powell says "time has come" to lower interest rates, no hint on size of rate cut

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

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

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