Federal Reserve Chair Jerome Powell signaled Friday that it’s time to adjust monetary policy, effectively paving the way for the beginning of interest rate cuts.
Powell refrained from committing to a predetermined path for rate cuts or providing any hints about their size, emphasizing the decision will depend on incoming data.
“My confidence has grown that inflation is on a sustainable path back to 2 percent,” the Fed chair said at the Jackson Hole Symposium.
Powell refrained from committing to a predetermined path for rate cuts or providing any hints about their size, emphasizing the decision will depend on incoming data.
“My confidence has grown that inflation is on a sustainable path back to 2 percent,” the Fed chair said at the Jackson Hole Symposium.
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