Fed seems 'aligned' ahead of anticipated September rate cut

Jerome Powell News

Fed seems 'aligned' ahead of anticipated September rate cut
Federal ReserveFed OfficialsFOMC Meeting
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Coming out of their July FOMC meeting, Federal Reserve officials are holding interest rates where they are, still keeping the door open for a rate cut in...

While the September FOMC is relatively far out, Fed Chair Jerome Powell could signal where the central bank will decide on rates at his Jackson Hole Symposium speech, the annual economic policy conference held in Wyoming from August 22 to 24 this year.

Well, that's a really tough question because um the, the chair can do a variety of things with the Jackson Hole speech, can say nothing, can say a lot can speak strategically or in terms of framework or can really talk about relatively near term monetary policy.

No one who's really suggesting a complete difference of priority between employment and, and uh inflation strategically or direction wise.Uh I'm also curious about outside influences on the committee and, and for once, I'm not necessarily talking about the election, I'm talking about everyday Americans.

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