Fed Speeches

Powell Signals Rate Cuts Coming September 18

Federal Reserve Chair Powell Pledges to Cut Rates

Rate Cuts Coming September 18th

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell all but proclaimed victory in the fight against inflation and signaled that interest rate cuts are coming on September 18th.

In a speech in Jackson Hole, Wyoming, Powell said that the Fed's aggressive interest rate hikes have begun to cool inflation.

He also warned that the Fed will continue to raise rates until inflation is under control.

Powell Signals Rate Cuts Coming September 18th

• Powell said that the Fed's aggressive interest rate hikes have begun to cool inflation.
• He also warned that the Fed will continue to raise rates until inflation is under control.
• Powell's speech suggests that the Fed is preparing to cut rates in September.

Powell's Speech Suggests Rate Cuts Coming September 18th

Powell's speech was closely watched by investors and economists.

Many analysts believe that Powell's comments suggest that the Fed is preparing to cut rates in September.

The Fed has raised interest rates four times this year in an effort to combat inflation.

Rate Cuts Could Help Boost Economy

If the Fed does cut rates in September, it could help to boost the economy.

Lower interest rates make it cheaper for businesses to borrow money and invest.

They can also make it cheaper for consumers to buy homes and cars.

Rate Cuts Could Also Lead to Higher Inflation

However, there is also a risk that rate cuts could lead to higher inflation.

If the Fed cuts rates too quickly, it could cause inflation to start rising again.

The Fed will need to carefully balance the risks and benefits of rate cuts in order to make the best decision for the economy.