WASHINGTON, D.C. — United States Federal Reserve (Fed) Chairman Jerome Powell is widely expected to use a keynote speech at a major central banking conference on Friday (Saturday in Manila) to signal support for cutting interest rates ahead of next month's rate decision.
The annual Jackson Hole Economic Symposium in the state of Wyoming gives Powell a global platform to enlighten financial markets about the Fed's thinking, a few weeks after he said policymakers could cut rates "as soon as" September if the labor market remains solid and inflation continues to ease.
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