Federal Reserve Chairperson Jerome Powell on Friday opened the door to a rate cut as early as next month's meeting, according to Nick Timiraos, a prominent Wall Street Journal reporter and known as the "Fed's mouthpiece," saying the prospect of a sharper slowdown in the labor market could allay concerns that tariff-induced cost increases are pushing up inflation.
However, Mr. Powell's comments tempered market expectations of a series of aggressive rate cuts by underscoring concerns about inflation, which has been above the Fed's 2 per cent target for more than four years in a row.
"Fed megaphone": Powell opens door to rate cut as early as next month's meeting
2025-08-22 15:17:45
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