In a significant speech at the Federal Reserve's annual symposium in Jackson Hole, Wyoming, Federal Reserve Chair Jerome Powell suggested the possibility of an interest rate cut , marking a potential shift in monetary policy during President Donald Trump's second term. Powell highlighted concerns about the labor market, noting a "curious kind of balance" due to reduced hiring and fewer available workers, a situation exacerbated by Trump's immigration policies and demographic changes.

Powell stated that the "balance of risks" in the economy is shifting , increasing the likelihood of a rate cut at the Fed's next meeting in September. He noted that while inflation remains a concern, the labor market's vulnerabilities could lead to higher unemployment if not addressed.

The speech had

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