Fed Chair Powell Signals September Rate Cut at Jackson Hole, Warns on Inflation Risks

Jerome Powell’s Jackson Hole speech gave traders clarity on what’s next for U. S. rates and a reason for crypto markets to cheer. Speaking at the Fed’s annual Jackson Hole symposium, Powell said a 25bps rate cut in September is highly likely. But he also made it clear this isn’t the start of a long series … source: https://coinpedia.org/news/fed-chair-powell-signals-september-rate-cut-at-jackson-hole-warns-on-inflation-risks/