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 and other policies on the US economy.
In a high-profile speech at Jackson Hole Banking Symposium in Wyoming, that has been watched closely by the White House and on Wall Street, Powell said that there are risks of both rising unemployment and stubbornly higher inflation.
