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Benzinga
Benzinga
Business
Murtuza J Merchant

Bitcoin, Ethereum Surge As Jerome Powell Signals Potential Policy Adjustment At Jackson Hole

Jerome Powell Speech

Federal Reserve Chair Jerome Powell on Friday used his Jackson Hole speech to acknowledge rising risks to U.S. employment, signaling the central bank may be preparing to shift its policy stance.

What Happened: His remarks marked the clearest indication yet that future rate cuts are possible if labor market weakness deepens.

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