Federal Reserve Chairman Jerome Powell hinted that interest rate reductions are on the horizon as the central bank eyes softening in the labor market.

Powell, speaking on Friday in Jackson Hole, Wyoming, at a closely watched annual Fed symposium, discussed the changing dynamics of inflation and the jobs market. Most investors anticipate that the Fed will move toward cutting its interest rate target soon, after holding it steady this year, even under pressure from President Donald Trump.

Recommended Stories

Economy adds 147,000 jobs in June, more than expected

Fed cuts rates as shutdown clouds economic dashboard

Producer prices rose 3% in 2025 as inflation lingered