Powell suggests a rate reduction in September, boosting the Dow by 650 points

Powell suggests a rate reduction in September, boosting the Dow by 650 points

Jerome Powell Warns of Stagflation Risks Federal Reserve Chairman Jerome Powell raised concerns about a heightened risk of stagflation during his final keynote speech at the annual Jackson Hole Gathering. While he acknowledged potential interest rate cuts as soon as September, he emphasized the need for caution. In his remarks, Powell referenced shifts in tax, […]