The Latest Breaking News from Jerome Powell

If inflation starts climbing again after a rate cut, “the Fed will have to reverse course—and in the worst case, start hiking again,” Slok said.

Palantir Technologies Inc (NASDAQ:PLTR) shares are trading higher Friday morning following Federal Reserve Chair Jerome Powell's unexpectedly dovish comments at Jackson Hole, which signaled that interest rate cuts may soon be on the table as labor market risks mount.

Federal Reserve Chair Jerome Powell used his Jackson Hole speech to strike a surprisingly dovish tone, warning that downside risks to the U.S. labor market are rising and that monetary policy "may warrant adjusting" if the economic slowdown deepens.

'Shifting risk balance may warrant policy adjustment,' said Jerome Powell in Jackson Hole, at the central bankers' annual meeting, hinting that the Fed may soon cut rates, even as inflation risks remain.

Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs…

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Dormant Bitcoin (CRYPTO: BTC) whales are springing to life, shifting capital into Ethereum (CRYPTO: ETH) as traders bet on stronger performance from ETH.

Global markets are fixated on Federal Reserve chair Jerome Powell's address at Jackson Hole today, a speech expected to influence both the near-term policy outlook and investor sentiment.

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