Powell’s Jackson Hole Signal on Rates Seen as Good for One Cut
Chairman of the US Federal Reserve Jerome Powell walks the grounds during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, on Aug. 22.
Photographer: David Paul Morris/BloombergAt a divided Federal Reserve, policymakers pushing for lower interest rates look close to getting their way after Chair Jerome Powell on Friday opened the door to a cut in September.
The debate over what happens after that is likely to begin even before the Federal Open Market Committee meets Sept. 16-17 in Washington. And there’s no guarantee that more cuts will follow any time soon.