Powell puts rate cut on table
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Federal Reserve Chair Jerome Powell on Friday pointed to a possible interest rate cut at the U.S. central bank's meeting next month, but stopped short of committing to it, in remarks acknowledging both the growing risks to the job market and ongoing threat of higher inflation.
This striking chart from the Brooking Institution's Robin Brooks lays out that no matter Fed Chair Jerome Powell articulates, there are issues in the Treasury market that lie beyond short-term interest rates.
While Trump frames the issue as consumer pain, Wharton’s Joao Gomes told Fortune that cheaper borrowing would also ease interest payments on the government’s $37 trillion debt burden—likely a central motivation.
The dollar was trading steady as investors wait for clues on the Federal Reserve's plans for interest-rate cuts. The Fed's meeting minutes will be released at 1p.m. Eastern time. However, the decisive
Federal Reserve Chair Jerome Powell delivers a high-profile address at the annual Jackson Hole Economic Policy Symposium.