The Latest Breaking News from Jerome Powell

Asian Markets Boosted By Fed Chief's Rate Cut Talk

Most Asian equities rose with the yen on Monday after US Federal Reserve boss Jerome Powell said "the time has come" to start cutting interest rates, lining up the central bank for a move as soon as next month.

International Business Times · Aug 26, 2024

Any US interest cut would be good – but don’t expect miracles right away

The Federal Reserve is widely expected to start cutting rates in September after 11 rises in 16 months

The Guardian - US · Aug 25, 2024

Federal Reserve Signals Interest Rate Cuts Coming Soon

Stocks surge as Fed hints at rate cuts. Powell signals adjustments due to slowing inflation and job growth concerns.

Top News · Aug 24, 2024

‘Time has come’ for US Federal Reserve to cut interest rates, says Powell

Fed chairman hails progress in battle to bring down inflation, with cut rates starting from September

The Guardian - US · Aug 23, 2024

Stocks Mostly Rise Ahead Of Powell, Yen After BoJ Rate Hint

The yen also advanced after the head of Japan's central bank told lawmakers that officials could hike interest rates again if the economy and inflation perform as expected, weeks after a surprise increase caused turmoil on markets.

Latin Times · Aug 23, 2024

Stocks Rise As Powell Says Fed Ready For Rate Cut

Stock markets jumped on Friday as US Federal Reserve chief Jerome Powell made clear that the central bank was ready to cut interest rates, a message investors had been longing to hear.

International Business Times · Aug 23, 2024

Stock Index Futures Climb Ahead of Powell’s Jackson Hole Speech

September S&P 500 E-Mini futures (ESU24) are up +0.51%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.60% this morning as market participants awaited Federal Reserve Chair Jerome Powell’s Jackson Hole speech for more clues on the amount and timing of interest rate cuts.

Barchart · Aug 23, 2024

How fast will interest rates fall? Fed Chair Powell may provide clues in high-profile speech

With the Federal Reserve considered certain to start cutting its benchmark interest rate next month, Chair Jerome Powell’s highly anticipated speech Friday morning at an economic conference will be closely watched for any hints about how many additional rate cuts might be in the pipeline

The Independent UK · Aug 23, 2024

Trading in Asian markets is mixed and muted ahead of a key Fed Chair speech

Asian shares are mixed in muted trading ahead of a speech by Federal Reserve Chair Jerome Powell that might deliver clues on how quickly and deeply the Fed may cut interest rates

The Independent UK · Aug 23, 2024

Asian Stocks Slip With Wall St Ahead Of Powell, Yen Rises

Asian investors jockeyed for position ahead of a much-anticipated speech by Federal Reserve boss Jerome Powell later Friday, as the dollar weakened amid speculation about how big an expected interest rate cut next month could be.

International Business Times · Aug 23, 2024