Comment on Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates

Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates

By CHRISTOPHER RUGABER WASHINGTON — Federal Reserve officials have said they’re increasingly confident that they’ve nearly tamed inflation. Now, it’s the health of the job market that’s starting to draw their concern. With inflation cooling toward its 2% target, the pace of hiring slowing and the unemployment rate edging up, the Fed is poised to cut its benchmark interest rate next month from its 23-year high.

 

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