US Fed chair expected to signal support for rate cuts

US Fed chair expected to signal support for rate cuts …C0NTINUE READING HERE >>>

Powell will give the keynote address at the Jackson Hole Economic Symposium.
Photo: ROBERTO SCHMIDT / AFP
Source: AFP

US Federal Reserve chair Jerome Powell is widely expected to use a keynote speech at a major central banking conference on Friday to signal support for cutting interest rates ahead of next month’s rate decision.

The annual Jackson Hole Economic Symposium in the US state of Wyoming gives Powell a global platform to enlighten financial markets about the Fed’s thinking, a…

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