the staff of the Ridgewood blog
Ridgewood NJ, in a highly anticipated keynote address at the Federal Reserve’s annual retreat in Jackson Hole, Wyoming, Fed Chair Jerome Powell set the stage for potential interest rate cuts, though he stopped short of providing specific details on timing or scale.
“The time has come for policy to adjust,” Powell stated, indicating a shift in the central bank’s approach. “The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.”
Continue reading Fed Chair Jerome Powell Signals Potential Interest Rate Cuts
