Fed Chief sends strongest signal yet that rate cuts are coming

Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts, emphasizing labor market vulnerabilities amidst accelerating inflation. He suggested a cautious approach, citing a shifting balance of risks and a slowdown in job growth. While acknowledging inflation concerns, Powell downplayed the long-term impact of tariffs, signaling a measured path toward easing monetary policy.

​Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts, emphasizing labor market vulnerabilities amidst accelerating inflation. He suggested a cautious approach, citing a shifting balance of risks and a slowdown in job growth. While acknowledging inflation concerns, Powell downplayed the long-term impact of tariffs, signaling a measured path toward easing monetary policy.