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Federal Reserve Chair Jerome Powell signaled that interest rates could begin falling again, warning that new job reports indicate the U.S. economy may be slowing.
On Friday, speaking at a major gathering of investors and Federal Reserve Board members in Jackson Hole, Wyoming, Powell explained that the Fed has been cautious about cutting rates.
Powell noted that lowering interest rates can help fuel job growth; however, lower rates can also lead to higher inflation.
After the annual inflation rate surged to 9% in 2022, the Fed implemented its highest federal interest rate in two decades. The central bank was able to do so as unemployment remained low and job creation was robust.
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But recent job r
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